Innovation: How China Differs

Abstract

Based on the increasing demand for the high-quality life in China, the customers are pursuing the product of strong character, relative equality, mutual benefit, and personal experiences. The supply side structural reform is set up to improve the conditions for the entrepreneur and innovation. The government and the enterprise are driving for the creation and innovation, from new and hi-tech industrial development zone to China’s Lunar and Deep Space exploration projects, not only for the new production and technology but also for the service level and the business model. They supply the new quality product and service for the customer. Internet plus is updating the industry structure. The Internet platform smooths the block of the information asymmetry and time opportunity instance. The government reform for the financial policy and tax reform is to reduce the social cost and transaction expenses. There are still a lot that need to be improved in the Chinese hi-technology industry like cell chip and medical health and so on.