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Implementation of Innovative Processes to Ensure the Development of the Social Infrastructure of China
Xu Weidong

Xu, Weidong. (2022) “Implementation of Innovative Processes to Ensure the Development of the Social Infrastructure of China.” Business Inform 7:25–31.
https://doi.org/10.32983/2222-4459-2022-7-25-31

Section: Foreign Experience

Article is written in English
Downloads/views: 2

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UDC 339.977

Abstract:
Implementation of dynamic processes of innovative transformations in the social sphere of many countries of the world is a guarantee for an effective management of their socio-economic systems. Today, the People’s Republic of China (PRC) is trying to find its own approach to the effective development of the social infrastructure of the territories, the problem of which is actualized in the context of large-scale socio-economic reforms, and the possibility of a solution is supported by the significant growth of the innovative potential of the PRC. It is noted that maintenance at the achieved level and further socio-economic development of the state are not possible without regular implementation of innovations. China is one of the world’s technological and scientific leaders, adapting quickly and creating its own innovations. However, the development of the social sector requires separate innovative initiatives and projects. It is determined that social innovation has been promoted as China’s national development strategy since the mid-2010s. New ideas, patterns of organizational behavior, and political agendas have been transformed into social innovations. These events create a climate that promotes social innovation as a general conception. The views of scientists of the People’s Republic of China regarding the harmonious social development of Chinese society were considered, including the implementation of the priority strategy of education; improving the health care system; active implementation of employment policy; creation of a fair distribution system; fair social guarantees; coordinated development of regions. The steps for implementing China’s socio-economic breakthrough strategy are highlighted: first, increasing the share of the market economy and reducing the level of support for the state-owned enterprises; secondly, stimulation of the domestic market and consumption; third, improving social protection, which will help solve the demographic problem; fourth, invest in the development of less polluting industries, gradually reduce the number of thermal power plants, switch to alternative energy sources; fifthly, the fight against corruption and strengthening the rule of law are of fundamental importance.

Keywords: innovation process, socio-economic development, social innovations, management, strategy, social infrastructure, state, support, implementation.

Bibl.: 21.

Xu Weidong – Applicant, Department of Management and Administration, Educational and Research Institute «Karazin Business School» of V. N. Karazin Kharkiv National University (1 Myronosytska Str., Kharkiv, 61002, Ukraine)
Email: [email protected]

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