R&D and innovation have become much more strategic than ever before for the growth of China as well as for its global societal upgrade. The Chinese authorities have designed an innovation strategy to face new economic and social challenges. The first part of the paper is focused on the emergence...

Following the global crisis, the stimulus package of 2009-2010, with its huge expansion of credit, marked the end of " Cheap China ", with the underpricing of labor, capital, land, energy and currency, and disproportionally shifted growth in favor of the public sector and real estate, the lion's...