| Aimed at improving innovation capacity and enhancing the competitiveness of its high-tech industries, Made in China 2025 (MIC2025), which serves as a selective industrial policy, has attracted great attention after its implementation. This paper delves into the effects of MIC2025 on the transformative trajectory of High- and New-Technology Enterprises (HNTEs) in China from 2008 to 2020. Employing a robust dataset, the research employs a comprehensive analytical framework to discern the evolution of the HNTE population, revealing a substantial surge post-MIC2025. Industry-specific, sector-specific, and spatial analyses are conducted in combination with data visualization using grouped barplots, multiple line charts, and bubble and dot density maps. Employing also rigorous statistical t-tests, I find that the number of HNTEs in high-tech sectors is more than that in non-high-tech sectors and the disparity keeps widening after the release of MIC2025. In the temporal dimension, MIC2025 expedites the advancement of the HNTE program. In the spatial dimension, national-level development zones catalyze the incubation of HNTEs holding the MIC2025-targeted high technology. The research results emphasize the influential role of MIC2025, providing crucial insights for enterprises to seize the policy advantages and strategically grow into HNTEs. |
