Service Innovation Development through China's New Urbanization: An Economic Policy Perspective

Although there is no agreed-upon definition of service innovation, its impact on society and firms has been considered to be generally significant. To date, many researches have been conducted on service innovation or service-based strategies for firms, but relative to the many discussions on firm-layer service innovation, there are few on the relationship between service innovation and country-specific economic policy. Following China's rapid economic growth, industrialization, and urbanization over the past 30 years, the Chinese government has been promoting new urbanization in recent years as the engine for its sustainable economic development and the source of innovation in different areas. This paper discusses the development of service innovation under China's new urbanization from an economic policy perspective and aims to contribute to research on innovation and economic policies.