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The Value of Scientific Achievements is Time-sensitive
Source:Journalist from Wenhui Daily    Writer:SHEN Qiusha    Released on:2013-09-13    

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Spotlights of the Report:

The Policy Forum
Innovation Environment: Coordination between Supply-Side and Demand-Side Policies
Forum Interpretation: A policy framework that motivates innovation is indispensable to the improvement of innovation performance. The effects of supply-side and demand-side policies on the different development stages of different industries vary. In recent years, it is the new global trend to promote innovation with coordinated policy tools. The coordination among supply-side and demand-side policies is especially important in emerging industries of strategic importance. China has already issued a large number of policies motivating innovation, yet it is worth in-depth discussion on how to better coordinate innovation policies based on the successful practices of other countries.

 

The Culture Forum
Heritage Transfer and Remodeling: Traditional Cultural and Entrepreneurship

 Forum Interpretation: A large team of good entrepreneurs with innovative spirit is the mainstay of building an innovative country. China is an ancient country which is rich in culture. The essence of the traditional culture has been inherited and developed for generation. In traditional Chinese culture, there is the business culture which stresses honesty and integrity, as well as the morals which values justice above material gains. However, in the new context of globalization, traditional Chinese culture is faced with unprecedented threat. It is something inherent in the building of innovative culture to figure out how to inherit the essence of traditional culture and to promote the risk-taking, innovation-driven entrepreneurship.
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WANG Yuan is a frequent guest of Pujiang Forum. This year, he will join in discussions of two sub-forums. As a graduate of mechanical engineering from Tsing Hua University and a former research fellow of several international institutes, WANG is familiar with innovation strategies as well as Chinese traditional culture.

 

Q: What is the Policy Forum for?
A: Each year at the forum, we issued new policies according to hot topics in the society. Examples like investment policies, fiscal policies and the role of enterprises.
This year, we are researching breakthroughs of policies in terms of accelerating the transformation of scientific achievements. The incentive mechanism is what we are doing, which we hope can be a better motivator for the transformation of scientific achievements.

 

Q: How to deal with rewards of scientific achievements and the property rights of national assets?
A: National assets, not like gold reserves, are only valuable when revitalizing. The value of scientific achievements is time-sensitive. If they are not transformed at the right time, the opportunities for them to be revalued will be lost.
Our motivating mechanism is a predesigned allocation mechanism. In order to motivate scientific research fellows and increase their incomes, we won’t restrict the superior limit. However, a inferior limit is settled. I hope under the secure of a no less than 20% of the total amount, all fellows can be motivated.

 

Q: How to balance between policies and the market, the invisible hand?
A: Policies are not ‘dead’, but flexible. Before we implement any policies, we need to do a complete market research.
Policies are instructive. For instance, there must be mortgage when loaning. Some small-scale enterprises may not be able to get loans according to the natural law of the market, but our policies can help them get loans more easily. I believe policies and the market are not contradictory, but complementary.

Q: Any advanced experiences of policies promoting innovation can be learned from other countries?
A: As far as I know, developed countries pay great attention to technology transformation and industrial cluster development. Six national strategy districts are divided in Japan. France also has similar clusters. Western countries have implemented many strategies to promote industrial gathering and to accelerate the development of the manufacturing industry. These are what we need to learn.
However we need to carry out our own policies according to the national conditions. The R&D capabilities of local enterprises are not that strong compared with foreign ones, so a series of policies is used to motivate interactions between industries and institutes, which is not existed in western countries.

Q: What do you think of entrepreneurship?
A: Not all enterprise managers are entrepreneurs. I believe that entrepreneurs should have a keen vision, abilities to capture opportunities and combine market elements. For example, LIU Changzhi is entrepreneur in my eyes. He can always grasp opportunities in the market.

 

Q: Our ancient business culture is what kind of culture?
A: Chinese culture is always particular about politeness. As we can see from the history, business men in the past did not depend only on bank notes. Honesty and credit are more important.

 

Q: People tend to use laws to restrain behaviors in western countries, but in China it is courtesy that matters. Do you think we need to learn from western countries?
A: We must learn from western countries for their social mechanisms and method of designing system. As far as I know, our entrepreneurs normally bear a sense of responsibility. For example, they appeal for official channels when donating. Entrepreneurs will act not that actively if they lack channels.