Abstract
Since 1992, a new Chinese innovation system has been emerging in terms
of university?industry?government relations. In recent years, science
parks, incubators, and high-tech development zones have been provided
with strong incentives. The commitment of the Chinese government
to the further introduction of a market economy has been elaborated
with a focus on the knowledge base. The model of institutional adjustments
has been replaced with systemic and evolutionary thinking about niche
development and human resource management. Government interventions
remain important for interfacing knowledge-based developments with
those on the market. For example, new legislation on issues relating
to intellectual property rights is crucial for the absorption of
venture capital into these developments.
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