Chinese Industrial Development and Policy Adjustment in Anaphase of Industrialization

Jianwei Xu ()
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Jianwei Xu: National Development & Reform Commission (NDRC

No 17-23, World Economy Brief from Korea Institute for International Economic Policy

Abstract: Through nearly forty years rapid development, China has entered the anaphase of industrialization. With the changes of factor conditions and development environment, the traditional industrial development model is encountering serious bottleneck restriction. Meanwhile, the growth power of industry tends to weaken gradually. The thirteenth five-year plan period is the key period of realizing industrialization. Industrial development formation will experience deep adjustment not only including the changes of proportion and speed, but also including the changes of industrial structure, development mode and driving factors. Therefore, the government should timely adjust industrial policy, focus on accumulation of innovation elements and optimization of innovation environmental, and allow the market to play a decisive role in resource allocation.

Keywords: China; industrialization; industrial adjustment; Anaphase of Industrialization (search for similar items in EconPapers)
Pages: 7 pages
Date: 2017-11-08, Revised 2017-11-07
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