FEATURES OF INNOVATIVE POLICY OF CHINA. EXPERIENCE FOR RUSSIA

Abstract

The article examines the features of China's economic and political reforms, which led to the country's transition to a new stage in the development of the national economy – a factor model based  on  investments.  The  absolute indicators demonstrating the level  of  scientific  and technological development of China make the country one of the modern leaders. The country strives to become a leader in innovation by 2035. The paper notes the intermediate successes achieved  by  the  Chinese  government  in  the  development  of  the  economy  of  innovation. The country's interest in technologies of the 6th technological order is noted, expressed in the growth of investment in venture capital. The crisis caused by COVID-19 has had an impact on the  global  innovation  sphere,  and  interest  in  developments  in  the  field  of  medicine  and healthcare has been noted. Expenditures for research in pharmaceuticals and biotechnology can be predicted to rise. In Russia, at present, in general, the main systems of the innovation system have  been  formed,  while  they  are  not  sufficiently  coordinated.  The  difficulty  lies  in  the introduction of innovative technologies into production. Relying on the scientific achievements of  the  USSR  period,  using  the  experience  of  China,  Russia  has  the opportunity to introduce innovative technologies. The article assesses the prospect of applying the experience of China in  the  national  innovation  system  of  Russia.  An  assessment  of  the  features  of  the  Russian innovation system is given.