2009Science Technology and IndustryRequires access

Seizing the Opportunity of the Financial Crisis to Promote the Innovation of Firms in Central Region

Yaohua Dai

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Abstract

The financial storm which arose by the sub-prime credit crisis of American has been spreading around the world.The influence of financial crisis has been extended to Chinese economy by export and import owing to the high degree of dependence on foreign trade.In order to realize the Rise of Central China by science and technology innovation,the central region in China with slow economic development relatively should take powerful strategies to seize this opportunity.Such as improving macroeconomic policies in science and technology innovation,and promoting the Industry-Academy-Research cooperation to speed up transformation of scientific and technological achievements.Meanwhile,changing the traditional mode of economic development to enhance regional cooperation,and creating the world well-known brands by self-renovation.At the same time,stimulating domestic demand,and controlling environmental pollution to develop circular economy vigorously as well.

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What this paper is about

The financial storm which arose by the sub-prime credit crisis of American has been spreading around the world.The influence of financial crisis has been extended to Chinese economy by export and import owing to the high degree of dependence on foreign trade.In order to realize the Rise of Central China by science and technology innovation,the central region in China with slow economic development relatively should take powerful strategies to seize this opportunity.Such as improving macroeconomic policies in science and technology innovation,and promoting the Industry-Academy-Research cooperation to speed up transformation of scientific and technological achievements.Meanwhile,changing the traditional mode of economic development to enhance regional cooperation,and creating the world well-known brands by self-renovation.At the same time,stimulating domestic demand,and controlling environmental pollution to develop circular economy vigorously as well.

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Available abstract

The financial storm which arose by the sub-prime credit crisis of American has been spreading around the world.The influence of financial crisis has been extended to Chinese economy by export and import owing to the high degree of dependence on foreign trade.In order to realize the Rise of Central China by science and technology innovation,the central region in China with slow economic development relatively should take powerful strategies to seize this opportunity.Such as improving macroeconomic policies in science and technology innovation,and promoting the Industry-Academy-Research cooperation to speed up transformation of scientific and technological achievements.Meanwhile,changing the traditional mode of economic development to enhance regional cooperation,and creating the world well-known brands by self-renovation.At the same time,stimulating domestic demand,and controlling environmental pollution to develop circular economy vigorously as well.

Key concepts: China, Order (exchange), Financial crisis, Business, Financial innovation, Economic system, Economics, Market economy

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