Boosting innovation, boosting economic growth
Updated: 2007-09-29 19:46
Hisense is the first Chinese mainland TV producer to master core technologies and possess proprietary intellectual property rights.
With more core technologies in hands, local enterprises in the Pearl River delta in south China have contributed significantly in optimizing the structure of local industries.
Guangdong Province, known for fast economic growth driven by labor-intensive and light industries in the early 1990s, has entered a new round of development, with auto making, petro-chemical, ship-building, iron and steel, and information technology industries becoming new forces driving local economic development.
Guangdong posted a GDP of more than 2.59 trillion yuan (US$345 billion) in 2006, ranking the first on the Chinese mainland.
Jiangsu Province in the east is also among the coastal regions which pursue fast economic growth via science and technology advancement.
The province's expenditure on science and technology development rose by 63.7 percent in the first half of this year, and currently more than 50 percent of its economy benefits from technology progress.
From January to May, the provincial government granted patent rights to 11,610 products, up 73 percent on last year.
"Pursuing economic development through innovation is a reflection of the scientific concept of development," said Zhang Weiguo, director of the Institute of Economics under the Shandong Provincial Academy of Social Sciences.
China has set a goal of raising the contribution to economic growth by science and technology advancement from 39 percent to more than 60 percent in 2020.
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