R&D Investment of Chinese Enterprises Based on Responding to TBT

In recent years, China´s export has been encountering increasingly severe technical barriers to trade (TBT) from the importing countries, which has a significant negative impact on its exports, employment and so on. The top five industries affected by TBT the most include mechanical and electrical equipment, toys and furniture, timber and paper and non-metallic, agriculture and food products, and chemical and ore metals. The main reason why Chinese export enterprises suffer TBT is that they lack R&D investment, which is reflected by the following: the R&D investment intensity of Chinese enterprises is relatively low, corporate R&D personnel account for a very low proportion of the total labor force, the scale of the enterprises with R&D activities is too small, and the number of invention patents of Chinese enterprises is too small. The strategies to promote Chinese enterprises to increase R&D investment are to create a favorable external environment for R&D investment, strengthen business awareness of R&D investment, and broaden the funding source of enterprise R&D.