China has recently started a rapid transition to a new economic development phase which is based on high-tech production and national breakthrough technologies. The reason for this transformation of the innovation strategy lies in scaling innovative system by involving small and medium-sized enterprises (SME). The Government addresses business angels and private venture capital funds to finance SMEs. The aim of the study is to identify and assess changes in the innovative entrepreneurial sector of China's economy, and also analyze the impact of these changes on the dynamics of innovative entrepreneurship activity in the country. The methodical basis of the article were the dialectical and systematic approaches to the study of economic processes, based on the use of methods of comparison and classification. The analysis showed that in total, by 2016, the Chinese Government makes all-out effort to stimulate mass innovation entrepreneurship. The result of such significant support was not only large-scale inclusion of small and medium-sized businesses in R&D activities, but also the development of new innovative structures that led to certain changes in the landscape of China's NIS. The research helped to expose both the existing problems of regional innovation inequality and general trends in innovative entrepreneurship in China.
The rapid acceleration of scientific and technological progress, which started at the beginning of the 21st century, has become a decisive factor in influencing the global economy. Who will lead the global innovation race? This problem is especially relevant in the field of artificial intelligence (AI). At the moment, the United States and China are the main participants in the battle for dominance in this area. The author assesses Chinas innovative potential in the field of AI and identifies its achievements in this area. Based on the statistics provided, Chinas AI leadership has reached a critical point. China is confidently leading the new fundamental research of artificial intelligence, forming its theoretical base and applied research and development, which will contribute to the creation of new high-tech innovative products and services. However, in terms of the number and quality of AI specialists (AI Talents) and the number of companies engaged in AI, China is still lagging behind its main rival, namely the United States. The author proved that, despite the obvious successes of China, the United States still has an equal lead in the global innovation race.
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