The key factors of successful innovation in China

During past decades, Chinese industry has made great progress in technological innovation. It is a complex result of the changing political and technological environments. The critical factors of successful innovation are that Chinese industry paid more attention to the acquisition and absorption of foreign advanced technology until the 1980s. Since the late 1980s, many Chinese firms began to innovate with a portfolio view. This new pattern of innovation greatly enforced the competitiveness of their products. Up until the late 1990s, a loot of Chinese firms had been building strong technological competence and innovative capabilities, so they began to deepen their innovation management by managing internal and external technological and organizational knowledge, and by building their innovative network