China's Machine Tool Industry In Technological Innovation

In modem economy, state and change of technology innovation can make a difference at speed and quality of economic growth. The equipment-manufacturing industry based on the machine tool industry is one of main industries in industrial and post-industrial countries, and its technological level has significant influences on competence of other industry directly, because it provides technological methods. So to improve the level of technology innovation in the machine tool industry is very significant to decrease industrial consumption, improve the whole national economic benefit and complete change of economic growth ways.Hong Peter first puts technology innovation forward. At first of all, the paper introduces concept, process and types of technology innovation and its very important significance to business and the whole economic system in order to apprehend the researching area of technology innovation. At the process of technology innovation, entrepreneurs grape potential opportunities in market, renew and re-organize condition and element of manufacturing, build up stronger, faster and cheaper manufacturing and running system in order to gain extra profit. In the meanwhile, for the whole economic system, by changing industrial structural parameters of economic system and improving industrial structure, technology innovation cause fast growth of economy and induce another process of technology innovation.Proceeding from three kinds of angles of enterprise institution, market and country, the paper make the frame of technological innovation that stimulates innovative activities of enterprises under the market economy. And beginning with the frame, it analyzes three kinds of incentive mechanisms of technological innovation that are the incentive mechanism of property right, the incentive mechanism of market and the incentive mechanism of government, and points out they complement and depend on each other. The incentive mechanism of property right which acts on three majorfunctions of offering information, economic stimulation and determination of income distribution through the market mechanism at the same time, is considered as one important incentive institution .because it stipulate all relations between people and innovative achievement. And so the incentive mechanism of market is one course in which technological innovation carries on by the organizing course of market by oneself. At the same time, because the public goods characteristic of the innovative achievement leads to the fact that the innovation that the market encourages is uncertain that it is the innovation of a social optimum level, innovative activities must be encouraged by the government. These three kinds of mechanisms interact on each other, and form the supporting system of technological innovation concluding institutional condition of technological innovation, suitable innovative strategy and government supporting to technological innovation. This part analyzes several theoretical questions of stimulation and supporting system of technological innovation deeply. It is a focal point of the paper, is too the innovative point of the paper.As far as state of the machine tool industry in our country, the technological innovation of our enterprise level is not high, the products lack the international competence. So we should set up the effective incentive mechanism of technological innovation . For this reason, regarding supporting system of technological innovation as the theory frame, from the market environment, enterprise institution, national macro-policy and the policy of market industry and technology, the paper have probed into measure about improving the level of technological innovation in the machine tool industry of our country deeply.