Analysis on the Current Situation of the Self-Innovation of China’s Manufacturing Industry Based on Structural Equation

Min Zhang, Chuan Lian Song

Abstract


Manufacturing industry is the material foundation of national economy, the foundation of social progress and arich country. It plays decisive role especially for China, which is a large manufacturing power. Self-innovation isone of the strategies of sustainable development of Chinese economy; it is also the correct channel to improvethe competitiveness. Therefore, the self-innovation of manufacturing industry directly affects thecompetitiveness of our country. This article utilizes the basic principle of structural equation to establish the pathdiagram of influencing factor of self-innovation of manufacturing industry. Through path analysis, the authorcalculated the path coefficient of self-innovation of manufacturing industry, measured the situation ofself-innovation of manufacturing industry in the current stage, and made effective analysis on it, providedsolution and suggestion for the development of China’s manufacturing industry.

Full Text: PDF DOI: 10.5539/ijbm.v8n15p124

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International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

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