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Economic cooperation between China and Asian developing countries in the context of innovation

Economic cooperation between China and Asian developing countries in the context of innovation Chengfeng Di Beijing Normal University P.R.China cfdi@bnu.edu.cn dichengfeng@gmail.com Innovation as the core impetus of economic development The Era of Knowledge-base economy And

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Economic cooperation between China and Asian developing countries in the context of innovation

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  1. Economic cooperation between China and Asian developing countries in the context of innovation Chengfeng Di Beijing Normal University P.R.China cfdi@bnu.edu.cn dichengfeng@gmail.com

  2. Innovation as the core impetus of economic development The Era of Knowledge-base economy And Information economy

  3. Innovation as the core impetus of economic development • Developed countries • Industrial revolution: Based on coordination and interaction of science, technology, culture, and entrepreneur • In 21 century Increase of R&D and education in face of economic crisis

  4. Innovation as the core impetus of economic development • Newly industrializing economies • Economic miracle: Resulting partly from the strategic industrial policy aimed at achieving high levels of technological excellence and innovation capacity

  5. Innovation as the core impetus of economic development • China • The Global Competitiveness Report 2009-2010:

  6. Innovation as the core impetus of economic development • China • New development strategy: To change the economic growth model from resource-depletion growth to innovation-driving growth.

  7. Economic cooperation between China and Asian developing countries China-ASEAN

  8. Total trade of China-ASEAN

  9. Change in trade structure • Before 1990s • Agricultural and light industrial products • Raw material products • After 1990s • Mechanical and electrical products • High-tech products • Change from inter-industrial to intra-industrial trade

  10. Two-way Investment Accumulated investments as of 2008 US$ 6.1 billion CHINA ASEAN US$ 5.6 billion

  11. Benefits of China-ASEAN economic cooperation to ASEAN nations • Diverse opportunities • China has a large market with demands at different levels, which would make it easier for a variety of countries at different levels to seek economic cooperation with China.

  12. Benefits of China-ASEAN economic cooperation to ASEAN nations • Enlarged Market Size • Benefits from economies of scale and of agglomeration • Breaking limitations of small, impoverished country in changes of technology and in promotion of national innovation capabilities • Dynamic economies of scale by learning-by-doing and technological upgrading

  13. Benefits of China-ASEAN economic cooperation to ASEAN nations • Co-op in education and technology would be helpful in promoting national innovation capability

  14. Conclusion • Growth of China’s economy and China’s cooperation with Asian developing nations will benefit partners. • Cooperation in knowledge-based fields between China and Asian developing nations should be enhanced in innovation-driven era.

  15. Thank you and welcome to China!

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