Accelerating the Construction of New Development Pattern and the Paths of Manufacturing Transformation and Upgrading

Guo Kesha () and Tian Xiaoxiao
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Guo Kesha: School of Economics and Finance, Huaqiao University, Quanzhou China
Tian Xiaoxiao: School of Economics and Finance, Huaqiao University, Quanzhou China

China Finance and Economic Review, 2022, vol. 11, issue 1, 3-23

Abstract: This paper reviews the basic implications and policy orientation of the new development pattern and the impacts of constructing the new development pattern on the manufacturing transformation and upgrading, based on which the choice of manufacturing transformation and upgrading paths is further discussed under the new development pattern. This paper holds that the paths of manufacturing transformation and upgrading need to be adjusted and expanded under the conditions of constructing the new development pattern. The main ideas are as follows. Restructuring the manufacturing industry chain with the large domestic market as the main guide, creating the good environment conducive to independent innovation, coordinating the regional layout for the overall high-quality manufacturing development, optimizing the business environment and enhancing the vitality and driving force of the manufacturing’s development, relying on the Belt and Road Initiative (BRI) for a higher level of international circulation. The theoretical bases for adjusting and expanding the paths of manufacturing transformation and upgrading are: embracing the new requirements with domestic circulation as the mainstay, the characteristics with the mutual reinforcement of domestic and international circulations, and promoting the manufacturing’s high-quality development and the medium and high-speed growth.

Keywords: new development pattern; manufacturing; transformation and upgrading; theoretical bases (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:cferev:v:11:y:2022:i:1:p:3-23:n:6

DOI: 10.1515/cfer-2022-0001

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