Essential Characteristics and Pathwaysfor Creating a Modern Industrial System

Sheng Chaoxun*

Chinese Academy of Macroeconomic Research, Beijing, China

Abstract: Modern nations are built upon the material and technological foundationof the modern industrial system. It is important to identify the characteristics of intelligent,environmentally sustainable, and integrated industrial development, in addition to security,competitiveness, and integrity. Policymakers should be clear-eyed about what the industrialsystem means and entails. Taking into account the factors that influence industrial integrity,competitiveness, and security, it is recommended that the government promote industrialsecurity via industrial restructuring, facilitate the flow of “technology, industry, andfinance,” endeavor to establish world-class industrial clusters, and construct a modernindustrial system backed by the real economy in order to bolster the stability, security, andimpetus of development.

Keywords: Modern industrial system, comprehensiveness, competitiveness, security

JEL Classification Code: O14

DOI: 10.19602/j.chinaeconomist.2023.11.01