Structural change, industrial upgrading and China’s economic transformation

Jun Zhang, Xiaolan Fu and Shanping Yan

Journal of Chinese Economic and Business Studies, 2016, vol. 14, issue 3, 211-213

Abstract: After more than three decades of opening up and reforms, China has moved from a low to an emerging middle-income country. The main challenge facing the country is how to sustain this momentum and develop into a high-income country and avoid the middle-income trap. In order to achieve this, industrial upgrading and structural change is crucial. This is not an easy process given that very few countries in the world achieved this in the past 50 years. What are the challenges for this transformation? How can the innovation and technological capabilities be developed to upgrade Chinese industries into one of the world’s innovation leaders? These are important questions to address for policy-makers and academics, and are the main theme of an International Conference on Transition and Economic Development (TED), held at Fudan University in 2015.

Date: 2016
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DOI: 10.1080/14765284.2016.1237803

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