Co-evolution of Social Technology and Physical Technology: Chinese Hi-tech Industry

Chinese Hi-tech industry has become the economic growth generator in China nowadays. Through the comparison of sector data and analysis on the change of government policy, we call see a co-evolution process of social technology and physical technology in the development of Chinese Hi-tech industry. The last thirty years development of Chinese High-tech industry since opening Lip is correlated to the development of technology, forms of business organization, public polices, and regulatory structures. The changing of development strategy on technology and institutional reform meet the requirement of the development of high-tech industry to some extend. But the development of Chinese High-tech industry shows a different trajectory compared with the path which developed country experienced. The coevolution path of social technological and physical technology in the catching Lip is from technology import, absorption to innovation, from Stated-owned to Joint Venture, from imitation to innovation, and from process innovation to product innovation which is different from the well-known industry life cycle theory which Abernathy and Utterback initially put forward in 1978. Therefore, A new 'industrial life cycle model for catching-up' was put forward in this paper.