Factor Analysis of Independent Technological Innovation Capability of the Equipment Manufacturing Industry in Pearl River Delta

With the development of economic globalization, the competitive advantage of industrial enterprises in Pearl River Delta has been decreasing as a result of the challenge from Yangtze Delta. This paper tries to build up a model and makes an empirical analysis of the independent technological innovation capability of the equipment manufacturing industries in Pearl River Delta with the Panel Data, and proposes some countermeasures to further develop the industry.