High-tech industries in China and Russia: present situation and impact on economic development

Abstract

The competition of major countries in the world is mainly the competition of technological innovation, and technological innovation is manifested through high technology. In recent years, the competition of high-tech industries has become the world's major economies stepping up to seize the commanding heights of the new round of technological revolution and high-tech industries. This article provides a comparative analysis of the current situation of high-tech industry development in China and Russia. China and Russia have their advantages in the development of high-tech industries, but they are also different. China's high-tech industries are relatively large in scale and develop at a faster rate, and exceeded Russia in the exports, the proportion of exports in manufacturing, and R&D expenditures. But the proportion of scientific research personnel in China is far lower than in Russia. So China and Russia should take corresponding measures to develop high-tech industries.