University—Industry—Government Relations in China

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.