China's technological innovation under the background of economic globalization challenges

Abstract

economic globalization has brought the global economy development power to a certain extent promoted the global contact, promote the development of the world economy, all kinds of commodities and enrich the lives of people all over the world. However, economic globalization has also brought greater international competition. While economic globalization has brought development opportunities to developing countries, it has also increasingly widened the global wealth gap between countries. In the context of globalization, the competition between countries is fiercer. With the continuous development of China's economy and the constant change and development of the trend of economic globalization, there are more and more studies on China's international competitiveness. Economic competitiveness is one of the most important parts of international competitiveness. Since the endogenous growth theory was put forward, people have paid more and more attention to the role of technological innovation in long-term economic growth. At the same time, the current global economic development is slow, and innovation has become a breakthrough for countries to find development. For a long time, the rapid growth of China's economy has largely relied on investment and capital accumulation and other factors. Since 2010, global competition has intensified and economic growth has encountered challenges, China has begun to plan to change the growth mode driven by factors. In May 2016, the Outline of the National Innovation-Driven Development Strategy made it clear that innovation-driven development was listed as a national strategy, and the report of the 19th National Congress in 2017 mentioned that technological innovation would become the most important force to promote the economy. This paper comprehensively reviews the relationship between economic globalization and technological innovation, finds out some problems existing in China's technological innovation under the background of economic globalization, and puts forward some suggestions.