The Effects Of Chinese Manufacturing Sector Strategy Development On Small And Medium-Sized Businesses' Competitiveness

Abstract

China is stepping up its efforts on structural reform and transformation considering the global economic downturn. The goal is to sustain or even boost long-term economic development. China is making tremendous efforts to transform its image from that of a producer of low-quality items to that of an innovator and design powerhouse. The Chinese government is trying to support small and medium-sized firms (SMEs) since they are vital to the country's manufacturing industry. The status of SMEs is rapidly increasing in China's innovative landscape. Analyses China's shift towards a more mature and indigenous innovation system by delving into the innovation networks and tactics of SMEs across several industries. Examines the diffusion and generation of information in the Chinese market. Details China aspires to establish an innovation system that is both highly developed and grounded in local practices. The study draws three significant findings from its methodology, which makes use of many case studies: Three distinct methods are used to do this: researchers take a look at the five kinds of innovation strategies that Exist, Enhance, Integrate, and Switch strategies in China's inventive ecosystem and catalogue their processes of knowledge production and spread. Different strategies call for different combinations of exploration and exploitation. Additionally, the research demonstrates the connections between these techniques and other external resources, such as horizontal and vertical networks.