The Role of Innovative Solutions in the Facing the Economic Crises in China: An Analytical Study

Abstract

The progress of China's performance at the economic and social levels is the result of adopting the innovative solutions economy approach, whose mission is to face emergencies or increase production and productivity under normal circumstances, and thus it has made important achievements in this field. Economic innovation, even if it is one of the most backward countries. Therefore, it is useful to delve into the economic implications of innovative solutions in the face of the economic crises that China witnessed and suffered from. The results show that China was able, through the applications of the economy of innovative solutions, to achieve acceptable successes in facing the economic crises that hit the world and spread in its economies, regardless of the reasons behind the creation of these financial, health, cultural, and political crises. China is also one of the countries that encouraged development and innovation and provided the means, financing, and support to reach what it has reached today, as it has reached prestigious ranks in innovation through science, knowledge, and the use of technology, as well as in the field of research and development.