国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

 
Indigenous innovation key for China to avoid middle income trap, says U.S. economist
                 Source: Xinhua | 2018-12-28 00:07:50 | Editor: huaxia

Photo taken on March 7, 2018 shows a bullet train running on the western track of the high-speed loop line in Changjiang Li Autonomous County, south China's Hainan Province. (Xinhua/Yang Guanyu)

NEW YORK, Dec. 27 (Xinhua) -- Indigenous innovation is the key for Beijing to avoid the middle income trap that most developing economies face, said a U.S. economist.

"China needs to maintain its momentum as an innovator. This is the point in the development cycle right now where China has hit the middle income threshold, call it 18,000 U.S. dollars per year per capita, where most developing economies struggle," said Stephen Roach, senior fellow at Yale University's Jackson Institute for Global Affairs, in a recent interview with Xinhua.

"The key to avoiding the middle income trap is to shift from importing technology and innovation of others to doing it yourself, indigenous innovation," said Roach, who is also the former chairman of Morgan Stanley Asia.

The indigenous innovation is largely being done by an impressive population of Chinese researchers, scientists and other entrepreneurs. They're having considerable success, he added.

In looking back on its extraordinary accomplishments since 1978, China has "much to be proud of in celebrating this year's 40-year milestone on the road to economic development," he said.

"This milestone should be viewed as more of an intermediate stop on a long journey rather than a final destination. In essence, China is now at a pivotal transition point between the economic take-off of a poor nation and the sustained growth of a moderately well-off society," Roach said.

China's focus on indigenous innovation through efforts in sectors of manufacturing and services should be viewed as "important strategies to enable this innovations-based avoidance of the middle-income trap," he said.

The United States should not view China's technological ambitions as a major threat to America's own, Roach said.

"Like it or not, however, state-directed industrial policies have long been prevalent throughout the world - from Japan and Germany to America's own military-industrial complex. China is hardly the outlier that Washington claims," he said.

On the U.S.-China trade relations, the economist said that the U.S. should view China's consumer-led reforms as "a distinct positive - the creation of the world's largest new market of domestic consumption."

"A bilateral investment treaty between the two nations that focuses on market access should be an urgent priority to ensure cross-market opportunities between the two largest economies in the world," he said.

China ranks 27th in the world's most competitive economies list, up from last year's 28th, according to a report released by the World Economic Forum (WEF) in September. China was at 46th when the WEF annual report was launched in 2004.

Back to Top Close
Xinhuanet

Indigenous innovation key for China to avoid middle income trap, says U.S. economist

Source: Xinhua 2018-12-28 00:07:50

Photo taken on March 7, 2018 shows a bullet train running on the western track of the high-speed loop line in Changjiang Li Autonomous County, south China's Hainan Province. (Xinhua/Yang Guanyu)

NEW YORK, Dec. 27 (Xinhua) -- Indigenous innovation is the key for Beijing to avoid the middle income trap that most developing economies face, said a U.S. economist.

"China needs to maintain its momentum as an innovator. This is the point in the development cycle right now where China has hit the middle income threshold, call it 18,000 U.S. dollars per year per capita, where most developing economies struggle," said Stephen Roach, senior fellow at Yale University's Jackson Institute for Global Affairs, in a recent interview with Xinhua.

"The key to avoiding the middle income trap is to shift from importing technology and innovation of others to doing it yourself, indigenous innovation," said Roach, who is also the former chairman of Morgan Stanley Asia.

The indigenous innovation is largely being done by an impressive population of Chinese researchers, scientists and other entrepreneurs. They're having considerable success, he added.

In looking back on its extraordinary accomplishments since 1978, China has "much to be proud of in celebrating this year's 40-year milestone on the road to economic development," he said.

"This milestone should be viewed as more of an intermediate stop on a long journey rather than a final destination. In essence, China is now at a pivotal transition point between the economic take-off of a poor nation and the sustained growth of a moderately well-off society," Roach said.

China's focus on indigenous innovation through efforts in sectors of manufacturing and services should be viewed as "important strategies to enable this innovations-based avoidance of the middle-income trap," he said.

The United States should not view China's technological ambitions as a major threat to America's own, Roach said.

"Like it or not, however, state-directed industrial policies have long been prevalent throughout the world - from Japan and Germany to America's own military-industrial complex. China is hardly the outlier that Washington claims," he said.

On the U.S.-China trade relations, the economist said that the U.S. should view China's consumer-led reforms as "a distinct positive - the creation of the world's largest new market of domestic consumption."

"A bilateral investment treaty between the two nations that focuses on market access should be an urgent priority to ensure cross-market opportunities between the two largest economies in the world," he said.

China ranks 27th in the world's most competitive economies list, up from last year's 28th, according to a report released by the World Economic Forum (WEF) in September. China was at 46th when the WEF annual report was launched in 2004.

010020070750000000000000011100001377029881
主站蜘蛛池模板: 定日县| 阿巴嘎旗| 花莲市| 行唐县| 扎赉特旗| 宁武县| 杨浦区| 清原| 延川县| 信宜市| 延寿县| 岚皋县| 桦甸市| 吴堡县| 沿河| 会昌县| 噶尔县| 苏尼特左旗| 抚顺县| 高青县| 兴宁市| 福贡县| 霍林郭勒市| 徐闻县| 禹州市| 雅安市| 灵台县| 合作市| 胶州市| 崇义县| 克东县| 玛沁县| 新余市| 肇东市| 迁安市| 开封县| 台中县| 芦山县| 延长县| 梨树县| 明光市|