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China's Role in the Global Economy and Technological Catch-up


  • Görg
  • H.
  • Liu
  • W.-H.

The growth performance of the Chinese economy has been very strong over the last decade, even in the time of the current financial crisis that has hit Western economies. China's GDP growth has been averaging well over 9 percent since 2008, while the US and European economies slowed down considerably. Related to its growth performance, a number of other economic factors have also received particular attention internationally. These include China's export performance, its role as a host for inward foreign direct investment and the growing importance of innovative activity. This article argues that these three factors are importantly related to each other. In order to sustain the growth performance and to ensure China's role as a global player, policy needs to focus on all of these aspects.


JEL Classification
F10, F23, O3


  • China
  • innovation

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