Technology Innovation and Its Effects on China's Economic Growth

Economic growth is an important issue in global economy, especially in developing countries. A general review on relevant literature of industrial structure change lead by technical upgrading and innovation has been done. This study outlines and examine the above factors and the economic growth at the regional and national level in China. The marginal productivity in various sectors is equal within the theoretical framework of equilibrium growth. The consequences and industrial structure and technological innovation and improvement and their linkage on economic growth are analyzed. Particular attention is given to Chinäs regional relevant factors development. This has resulted in Chinäs economic expansion in recent decades. The structure development of the country¿s three main industrial and technological upgrading and their linkage on economic growth is placed in the context of this study worldwide.