皇冠体育app

International ties

West should embrace competition

By Li Ruogu (chinadaily.com.cn)
Updated: 2011-01-11 16:45

4. How to seize initiative in international competition

The above analysis shows that Sino-US and Sino-EU debate on investment climate and indigenous innovation policies is in fact a competition for dominance in global economic development.

As one trying to catch up, 皇冠体育app's efforts in indigenous innovation are justified. And for foreign companies, they have played an important role in promoting 皇冠体育app's technological imports, and have meanwhile gained considerable profits from the Chinese market. Facing the future, instead of making the issue political, the two sides should cooperate in an open and honest manner to encourage competition and collaboration on technological innovation, which will be mutually beneficial.

First, indigenous innovation is closely related to 皇冠体育app's development rights and interests, and is key to its economic growth mode transformation and scientific development.

皇冠体育app is justified in defending its rights and adopting further measures to support innovation. Owing to the high threshold set by previous industry monopoly, the commercialization of many high-tech products, such as jumbo jets, has to go through a market exploitation period, during which it goes down the cost curve or moves up the learning curve.

In a market where fair competition is not guaranteed, reasonable interventions, including policy financing, can help many emerging industries in 皇冠体育app to overcome thresholds and initial cost barriers, and finally benefit from scaled production.

Second, 皇冠体育app will strengthen its legislation and implementation of IPR protection laws.

皇冠体育app is as determined as Europe and the US concerning IPR protection and has been striving to do so. Domestic and foreign companies are treated equally under 皇冠体育app's IPR protection practices. Therefore, 皇冠体育app's progress in IPR protection will also facilitate companies from Europe and the US to seek profit opportunities in its investment market.

Meanwhile, developed countries should understand that everything, including IPR protection, should be conducted properly to certain limits. Excessive protection will protect monopoly and oppress competition, which is detrimental to scientific and technological development. Hence, IPR protection should always be in moderation.

Third, major developed countries should have an objective view on 皇冠体育app's technological improvements. A huge gap remains between 皇冠体育app and the US and Europe in terms of economic strength, per capita income and level of science and technology. The dominance that developed countries have in the high- and new-technology field is still firmly rooted.

However, the rise of 皇冠体育app has become an inevitable trend and cannot be stopped by opposition from old market leaders. Having always been an advocate of competition, European countries and the US should adjust their attitudes toward 皇冠体育app, the new competitor, instead of completely blocking contests.