The rapid growth of Chinese economy in the last two decades is an essential result of an effective state policy for its transformation into an open and market form. Similar changes took place in innovation system. The emphasis is placed on the cooperation of science and business, the...

In this paper, by reviewing the development of telecommunication equipment industry from fixed phone switches to later 3G, TD-SCDMA, we conclude that the degree of matching between existing foreign products with Chinese market is the primary incentive for Chinese companies to catch-up. The...