The Study Of The Development Strategy Of High-tech Industries In China In The View Of Technological Innovation

High-tech industry is a strategic leading industry in the national economy. The overall size of high-tech industry in China grows rapidly in recent years. The gross output value of this industry reached 6.0914 trillion yuan in 2009, and the export delivery value reached 2.9843 trillion yuan in 2009. The high-tech industry has become one of the main driving force of exporting growth and rapid economic growth in China. While the rapid growth of the overall size of the industry, the shortcomings that the high-tech industry have the characteristics of extensive mode of growth with inadequate technological innovation appears progressively. The development of high-tech industry with technological innovation has become the inevitable choice of increasing the international industrial chain level and the international competitiveness. In this background, this paper carries out comprehensive analysis and research on the development of high-tech industry in China in the view of technological innovation, and provides a complete theoretical framework to study the efficiency and influential factors of technological innovation of this industry with the industrial and regional dimensions.The first part of the article includes the first two chapters. This part mainly studies the research background, overall research framework and the related literature, and set a foundation for the follow-up theoretical analysis. The literature review of this article mainly focus on three dimensions, that are innovation, technological innovation and technological innovation of the high-tech industry China, and the literature review of technological innovation of the high-tech industry can be.divided into the efficiency of technological innovation, industrial and regional technological innovation. In this part, we analyses the literature review in detail and make a definition and connotation of the core concept of technological innovation.The second part is the core of this article, including chapter three, chapter four, and chapter five. The chapter three introduces the content and definition of high-tech industry in China, and introduces the successful international experience of high-tech industry in Japan. On this basis, we analyses the development of high-tech industry in China. While the rapid growth of the overall size of the industry in China, the shortcomings that the high-tech industry lacks technological innovation appears progressively. The strategy of the development of high-tech industry in China with technological innovation and independent technological innovation has become the inevitable choice of increasing the international industrial chain level and the international competitiveness. The chapter four mainly analyses the influential factors on the technological innovation efficiency of the high-tech industry of China in the view of industrial dimension. The chapter four firstly measures the efficiency of technological innovation of the high-tech industry in China with stochastic frontier production function method, the results show that the technological innovation efficiency of state-owned enterprise has low starting points. Only if the technological innovation efficiency of the state-owned enterprise increases, the technological innovation efficiency of the whole industry will increase continuously. Because of this, we provides a influential factor model containing R&D investment and technological spillover effect of FDI, then analyses the mechanism of technological innovation and independent technological innovation of the high-tech industry in China in the view of R&D investment and technological spillover effect of FDI. The results show that the R&D investment has positive effect on the technological innovation efficiency of the whole industry and the independent technological innovation of the state-owned enterprise. The R&D investment of the state-owned Enterprise, the purchase of domestic technology and the R&D investment of the foreign-owned enterprise of high-tech industry exist significant competitive mechanism, and this progress enhances the level of independent technological innovation in this industry. On the other hand, the large-scale foreign investment into the high-tech industry promote the efficiency of the independent technological innovation of this industry in recent years, but it also shows significant heterogeneity, and this heterogeneity mainly reflects in two aspects:Firstly, the positive technological spillover effect of FDI mainly concentrates in the foreign-owned enterprise in this industry, the positive effect is not obvious in the state-owned enterprise. Secondly, the significant heterogeneity of technological spillover effect of FDI also exists in the 3 yards industry of the state-owned enterprise of the high-tech industry in China, and the different industrial characteristics is the main reason for the heterogeneity of the technological spillover effect of FDI.In the chapter five, we construct a theoretical framework of the regional technological innovation system in a certain level of openness and technological innovation environment, including the main subjects, such as the firms, the government, and the research institutes. In this framework, this chapter analyses the reality and the influential factors of the regional technological innovation of the high-tech industry. The results show that the positive technological spillover effect of the regional FDI is not obvious in the state-owned enterprise, but the improvement of the technological innovation environment have positive effect on the efficiency of the regional technological innovation of the high-tech industry in China. The geographic location, and the regional absorption capacity have significant effect on the efficiency of the regional technological Innovation of the high-tech industry in China.The chapter six is the third part of this article. In this part, we conduct a comprehensive summary of the whole study, and also make several relevant policy recommendations and research prospects. We argue that the relevant policy recommendations for improving the technological Innovation ability of the high-tech industry in China mainly include three aspects:Firstly, enhancing the dynamic mechanism of R&D investment to make the enterprises as the mainstay in the market-oriented way. Secondly, broaden the financing channels, building a multi-level financial service system. Thirdly, taking advantage of FDI rationally to attract foreign companies to establish R&D base and personnel training organizations in China, in order to absorb the positive technological spillover effect of FDI better.