Study On The Influence Of Trade Friction On Independent Innovation Of China's High-tech Industry

Under the background of deepening reform and opening up,China's high-tech industry has begun to enter an important stage of development of comprehensive transformation.In his speech at the conference of Academicians of the two houses in 2018,President Xi Jinping proposed that we should unswervingly follow the path of independent innovation and strive to realize the autonomy and control of key technologies.However,the Trump administration's trade sanctions against China have suddenly exacerbated trade frictions,leaving China's high-tech industry facing many restrictions.Under such a complicated background,it is of great significance to correctly deal with trade friction,choose the innovative way suitable for oneself,and pave a road of continuous innovation,so as to continuously improve the ability of independent innovation of China's high-tech industry.From the perspective of international trade,this paper makes a theoretical and empirical study on the influence of trade friction on the independent innovation of China's high-tech industry.Theoretical research shows that trade friction through FDI,OFDI,IPR and various effects of import and export has significant impact on imitation and re-innovation,and then on the ability of independent innovation of high-tech industry.Given the data of 1997-2016,the paper analyzes and finds that China's high-tech industry is facing many problems:the escalating trade friction makes the independent innovation of high-tech industries greatly affected,the phenomenon of more attention to introduction and less attention to absorption still exists,the low input-output of cutting-edge manufacturing industry and the lack of economic efficiency transformation.Furthermore,the paper establishes 2 time series models based on the variables of revenue of new product sales,technology source and R&D investments,and uses impulse response analysis on the basis of VAR model,and finds that:first,trade friction inhibits independent innovation output to a large extent in the long term;second,technology introduction is not conducive to upgrading innovative output,technology purchase has a catalytic effect on innovation output,full-time staff equivalent and R&D investments significantly increase new sales revenue;third,trade friction stimulates the introduction of foreign technology in high-tech industries and squeezes out domestic technology purchases,and original innovation have a strong long-term negative response to trade friction.Finally,according to the results of theoretical and empirical analysis,this paper puts forward three ways to enhance the independent innovation of China's high-tech industry:First,to resolve the trade friction and solve the predicament of R&D investments,that is,to strengthen income feedback and scale efficiency,and promote effective financing of high-tech SMEs.Second,to prevent trade friction and promote the realization of imitation of re-innovation,that is,adjust the channel of technology source and strengthen the absorption and digestion ability,change the focus of investment and take "re-innovation" as the core.Third,to avoid trade friction and accelerate the realization of intellectual property rights,that is,to attract R&D and technical talents and accelerate the formation of intellectual property rights,promote the transformation of intellectual property rights,cultivate independent core products.