Title: Innovation policies to accelerate SME development

Authors: Jarunee Wonglimpiyarat

Addresses: College of Innovation, Thammasat University, Anekprasong 3 Bldg., Prachan Rd., Bangkok 10200, Thailand

Abstract: This paper is concerned with the innovation policies to support SME development in China. The Chinese government has introduced many policy initiatives (government intervention policies) after the country joined the World Trade Organization (WTO) to support entrepreneurial activities. The empirical study has shown that despite the introduction of the 12th Five-Year National Economic and Social Development Plan to support SMEs development, China still needs to improve regulatory policies in support of innovative businesses which would help its transition to an innovation-driven economy. The study provides lessons and policy guidelines to improve the competitiveness of SMEs in China.

Keywords: banks; government policies; innovative businesses; SME financing; SME strategy; 12th Five Year plan; innovation policy; SME development; SMEs; small and medium-sized enterprises; China; government intervention; entrepreneurial activities; entrepreneurship.

DOI: 10.1504/IJTPM.2016.076312

International Journal of Technology, Policy and Management, 2016 Vol.16 No.2, pp.105 - 117

Received: 10 May 2015
Accepted: 03 Aug 2015
Published online: 03 May 2016 *

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