Author: Yanrui Wu, UWA

After three decades of rapid growth, the Chinese economy is now at a crossroads, heading towards the next phase of development. While China’s economic growth has indeed been phenomenal, it has also been resource intensive and environmentally damaging.

For high growth to be sustained in the coming decades, the role of technological progress has to be boosted. This can either occur through technology transfer flows from abroad, or through indigenous innovation. While the former has been widely discussed, the latter has largely been under-documented. Read more…