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Bulletin of the MRSU / Section "Economy" / 2014 № 1.

 

V.I. Politaev, M.V. Fedorets

[Development of Сhina’s economy: the way to an innovation oriented state] In: Bulletin of the Moscow Regional State University (electronic journal) [Bulletin of the Moscow Regional State University (electronic journal)], 2014, no. 1.


UDC Index: 338.24.021.8

Date of publication: 23.01.2014

The full text of the article

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Abstract


The article discusses China’s way from ordinary country to one of the world’s largest economies. Reforms preceding the thirty-year growth of the economy and which were carried by the Communist Party of China are described in detail. Owing to that progress China was able to get ahead of Germany and Japan in terms of GDP, conceding only the United States. The authors analyze the new methods of turning the country into an innovative state within the following decade. The authors offer a number of recommendations for the Russian economy on applying China’s experience in developing innovations.

Key words


China’s economy, China’s model of economy, socialistic reforms, innovation-oriented state, inertial scenario of development, innovative scenario of development

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