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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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