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| Development and Cultivation of China's Champion Enterprises and Unicorn Enterprises |
| LI Jin-hua |
| Institute of Quantitative Economics and Technical Economics, Chinese Academy of Social Sciences,Beijing, 100732 |
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Abstract China's manufacturing champions in specific areas are mostly in the eastern coastal areas. Regional economic growth and champion enterprises help each other forward. The champions include many private enterprises, listed companies and innovation enterprises. However, there is lack of champion enterprises in highly specialized advanced manufacturing industry. Unicorn enterprises are mostly in e-commerce, online finance and other emerging industries. Beijing, Shanghai, Hangzhou, Shenzhen and other economically developed areas with rich innovation resources are where unicorn enterprises are mostly located. Unicorn enterprises prompt some emerging industries or new innovation industries, but there are few “unicorns” in advanced manufacturing industry. To build China into a manufacturing powerhouse, it is necessary to cultivate and develop champion enterprises and “unicorn” enterprises. We should speed up cultivation and development of champions and unicorns in advanced manufacturing industry, support champion enterprises and “unicorn” enterprises to go abroad and create internationally renowned brands, provide high quality services, protect the intellectual property rights of champion enterprises and “unicorn” enterprises, and support the development of private champion enterprises and unicorn enterprises in central and western regions.
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Received: 10 November 2018
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2019, Vol. 36 
