Innovation drives small business success in China, spillover effects crucial.
The study looked at how small and medium-sized companies in China perform when it comes to innovation. They found that companies do better when they invest in innovation and create new products or services. However, factors like government support and opportunities for innovation didn't seem to make a big difference. The study also showed that when companies share their innovations with others, it can have a positive impact. Overall, innovation is crucial for economic growth and competitiveness.