ANALYSIS OF ADVANTAGES OF CHINA'S ECONOMIC AND TECHNOLOGICAL DEVELOPMENT ZONES IN INNOVATION

The economic and technological development zone has a pioneering significance in China's economic and social system reform. When the policy designer decide to set up the economic and technological development zone, they show great political wisdom and courage. However, as a new thing, whether the economic and technological development zone can develop well and what direction it should develop, the policy designers can't think about it carefully at the beginning of setting up. Only after the following policy tests, people slowly discover some rules. The system environment of the economic and technological development zone is relatively complete, it benefits from the good environment created by the reform and opening up. The success of the economic and technological development zone has benefited not only from the good environment created by China's reform and development, but also the competitive advantage accumulated based on the innovation model. At the same time, the economic and technological development zone have accumulated rich competitive advantages in the process of self-development and self-improvement. Compared with other regional economies in China, the innovation advantages of the economic and technological development zone in terms of institutional system, fiscal autonomy, counter-feeding development, geographical location conditions, and industrial agglomeration effects are more prominent, which has brought considerable policy benefits. The development of future economic and technological development zone needs to make breakthroughs in integrated innovation in key areas, and solve the challenges of homogenization competition, land and human resource constraints. The resources of China's model contained economic and technological development zone deserve further exploration and research.