Bulletin of Chinese Academy of Sciences (Chinese Version)
Keywords
technological innovation, industrial innovation, financial support, virtuous cycle
Abstract
Currently, the new round of technological revolution is accelerating its breakthroughs, and scientific and technological innovation has become the main battlefield for the competition among major countries. Facing increasingly fierce international competition in science and technology, China must strengthen the orientation of original innovation in scientific research and technological development, shift from “catching up” to “keeping pace” and “taking the lead” in more fields, from innovation in terminal products to breakthroughs in key core technologies, and from integrated innovation to original innovation. In recent years, China’s industrial competitiveness has significantly enhanced, mainly due to the gradual formation of advantages such as a super-large-scale market, a complete industrial chain, abundant talent resources, digital economy, and new energy, which have been transformed into new comprehensive competitive advantages, propelling China’s industries towards the medium-high end of the global value chain. China’s financial system, which is dominated by indirect financing, has played a significant role in the rapid expansion of industrialization and urbanization. However, as economic growth shifts from factor-driven to innovation-driven, the mismatch between financial service supply and the financing demands of science and technology innovation enterprises has become increasingly prominent, urgently requiring accelerated adaptive adjustments to the financial system.
First page
996
Last Page
1005
Language
Chinese
Publisher
Bulletin of Chinese Academy of Sciences
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
References
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Recommended Citation
WANG, Yiming
(2026)
"Technological innovation, industrial development and financial support,"
Bulletin of Chinese Academy of Sciences (Chinese Version): Vol. 41
:
Iss.
5
, Article 15.
DOI: https://doi.org/10.3724/j.issn.1000-3045.20260309005
Available at:
https://bulletinofcas.researchcommons.org/journal/vol41/iss5/15


