Innovation China: Chinese Small And Medium-sized Manufacturing Sector Small- And Medium-sized Business Owners And Manufacturers Create Transformative Innovation Networks

Abstract

China is moving very quickly towards structural reform and transformation in the face of a global slowdown in economic growth in order to support and promote the expansion of sustainable economic development. China is working hard to change its reputation as a nation that manufactures low-quality items into one that is recognized as a global leader in innovation and design. These supporting policy initiatives have targeted Small and Medium-sized Enterprises (SMEs), which make up the vast majority of Chinese businesses and are the main foundation of the country's manufacturing base. SMEs are rapidly emerging as a key player in China's innovative scene examines networks and innovative tactics among SMEs in China's industrial industries to gain understanding of the country's shift to a homegrown and cutting-edge innovation system, investigates the creation and sharing of information in the core Chinese market, gives information on China's shift to a home-grown, cutting-edge innovation system. Three significant conclusions are presented by the inquiry, which employs a methodology that includes several case studies: Three methods are used to achieve this: The article delineates five distinct categories of innovation strategies, namely Exist, Enhance, Integrate, Edge, and Switch strategies, that vary in their choices and arrangements of exploitation and exploration. Additionally, it examines the connections and interplays between these five strategies and diverse external resources, such as vertical and horizontal networks, and examines the process of knowledge generation and dissemination within China's innovative ecosystem.