PUBLIC PRIVATE PARTNERSHIP IN INNOVATION ACTIVITY OF THE UNIVERSITIES IN CHINA

The paper explores interactions between Universities and industrial enterprises based on the model of public-private partnership in China. Six types of partnerships have been studied and for each of the partnership government goals of participation have been analyzed. Special attention is given to studying the unique forms of PPP in China: independent universities and university-owned enterprises. Results demonstrate that PPP in the innovation activity in the universities in China significantly contributed to the intensification of scientific and technical policy of the country and the country’s transition to the knowledge economy.