70 Years of Industrialization in New China: From Takeoff to Maturity

JOURNAL OF CONTEMPORARY FINANCE AND ECONOMICS ›› 2020, Vol. 0 ›› Issue (1): 3-18.

70 Years of Industrialization in New China: From Takeoff to Maturity

LU Fucai, MA Shaoxiong, XU Bin

Jiangxi University of Finance and Economics, Nanchang 330013, China

Online:2020-01-15 Published:2021-09-29
About author:Lu Fucai, Ph.D in economics, professor and doctoral supervisor of Jiangxi University of Finance and Economics, mainly engaged in research of Internet economy and industrial development. Ma Shaoxiong, research assistant of Jiangxi University of Finance and Economics, mainly engaged in regional economic research. Xu Bin, Ph.D in economics, professor and doctoral supervisor of Jiangxi University of Finance and Economics, mainly engaged in research of innovation economy and industrial development, E-mail: 770606243@qq.com.

Abstract

Abstract: As an industrial power, China's industrial sector plays a significant role in its economic development, whose development process roughly reflects the economic growth since the founding of New China 70 years ago. According to China's actual conditions and the background of times, this paper applies and extends Rostow's economic growth theory to explore the stage characteristics of China's industrialization and sum up the experience via horizontal-and-vertical comparison. The findings show that China's industrialization is very“tortured”before the completion of the economic“take-off”, and the system has played an important role in the process of completing the economic“take-off”. Moreover, China's economy is still in the stage of“going to be mature”. Finally, combining the problems of China's industrialization in the process of“going to be mature”, it further proposes such suggestions as industrial intelligence, industrial greenization and industrial services, so as to solve the current industrialization dilemma and help China's industry to have high-quality development.

Key words: industrialization, 70 years, economic take-off, to be mature

LU Fucai, MA Shaoxiong, XU Bin. 70 Years of Industrialization in New China: From Takeoff to Maturity[J]. JOURNAL OF CONTEMPORARY FINANCE AND ECONOMICS, 2020, 0(1): 3-18.

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