What should be relied on to maintain “China’s economic miracle” after its demographic dividend vanishes? What is the new driving force of Chinese economic growth under the new normal? The detailed answers and explanations can be found in Professor Cheng Hong’s new book Quality Innovation and China Economic Development.
Professor Cheng Hong’s new book Quality Innovation and China Economic Development has been published by Peking University Press and now is available in the market. In the book, the author first presents practical and feasible approaches to restructuring and upgrading for China’s current economic development from the perspective of quality innovation. He believes that quality innovation is an important new driving force to ameliorate Chinese economic development. Innovative in theory, unique in data and practical in policies, it is of great reference value for the government and enterprises.
The book talks of the key issues including the theoretical relations of quality innovation with economic development theory, the role of quality innovation in upgrading of economic development quality, the effects of quality innovation on total factor productivity of micro entities, the policy performance of quality management system reform on "double improvement" of micro products and services quality and macro-economic development quality, and the significance of quality upgrading to the supply side structural reform of Chinese economy. It adopts the first-hand data of large samples from the China Employer-Employee Survey and the China Quality Development Observation Survey initiated by IQDS for validation, which enhances the robustness and reliability of the research conclusions.
