Relying on Secondary Industry to Drive National Policy and Reinvigorate China’s Economy

Huang Qunhui ( 黄群慧 )
Institute of Industrial Economics, Chinese Academy of Social Sciences, Beijing, China

 
Abstract: China is a large, developing economy now entering the second half of the intermediate stage of industrialization. It is inadequate for China at this time to perceive industrial development as a part of its industrial strategy. Rather, industrial development should be discussed and developed using a wider lens, as part of state strategy and responding to national conditions. This paper argues that, for China to progress further, it must transition from being simply a large industrial country to being a true industrial power. The paper presents characteristics and indicators that describe the world’s industrial powers. China should focus strategically on development via invigorating industry – this idea and its related objectives, key tasks, and policy directions make up the Industry-Invigorating-China Strategy. The author predicts that China will develop the basic qualities of an industrial power by 2020, and it will achieve full industrial power status by 2040.
Key words: large industrial country, the Industry-Invigorating-China Strategy, industrial power

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