СТРАТЕГІЯ СОЦІАЛЬНО-ЕКОНОМІЧНОГО ПРОРИВУ КНР

Abstract

This research focuses on building innovation clusters, developing a system of risky investments, creating a stable and sustainable basis for innovation. China puts innovation as a priority in national development strategies. In contrast to the US NASDAQ, which specializes in high-tech stocks, China has created the Shanghai Stock Exchange STAR Market, which features the most promising technology companies specializing in next-generation information technology, using high-tech equipment, new materials and energy focused on energy saving, biomedicine and environmental protection. The author argues that China, as a country-technological innovator, focuses on the following key technologies: artificial intelligence (AI), advanced industrial production, quantum information science and the 5G Internet, which can ensure future socio-economic stability. The methods of induction and deduction of scientific research are used in the work, the methodology of comparative analysis of the components of the Forbes Global 2000 Rating, sub-indices of the Global Rating of Readiness for Development of Advanced Technologies, integrated indicators of the China Cities Innovation Rating are used. The praxeological basis of the study is based on country assessments of the quality and characteristics of development efficiency, which are demonstrated by the Technology and innovation report UNCTAD 2020–2021. The basis of innovation policy “in Chinese” is the establishment of cross-links, dialectical interaction between science, universities, research laboratories, state enterprises, private business, industrial associations. Under the China Standards 2035 plan, the state seeks to set global standards for next-generation technologies, namely telecommunications and artificial intelligence, which can have a huge impact on technology industries around the world. China’s socio-economic breakthrough strategy includes the following components: a system of education; structural diversification of exports in favor of knowledge-intensive products; a significant increase in budget allocations for science and development; creation of venture financing industry and commercialization of innovations; implementation of deep structural and socio-economic reforms.