Contemporary Finance & Economics ›› 2012, Vol. 0 ›› Issue (08): 1550-.

   

A New Round of Industrial Revolution Is Knocking at the Door, What China Will Do?

RUI Ming-jie   

  1. (Fudan University, Shanghai 200433, China)
  • Received:2012-08-12 Published:2021-01-21

Abstract: A new round of industrial revolution has been quietly approaching; this round of new industrial revolution is not just due to the development of new industries resulted from the development of new technologies, but due to the dramatic changes of the production mode and manufacturing mode of the manufacturing industry resulted from the new technological revolution. Faced with such changes, the United States and other developed countries have launched the so-called“re-industrialization”with the purpose of grasping the new round of big changes of the manufacturing industry, occupying the dominant position in the new round of global division of labor, and restoring the international competition force of the U.S. economy. Although China’s current manufacturing output value has surpassed that of the United States, yet the overall level of China’s manufacturing industry is still lacking technical contents and staying at the lower-middle links in the manufacturing value chain; the more important is that the production mode and the manufacturing mode of the manufacturing industry is still stuck in the state of the beginning or middle term of industrialization, far away from the new round of industrial revolution. Whether being able to seize this historic opportunity of the new industrial revolution, even to catch up and surpass the developed countries during this process, is the key to the transformation and upgrading of China’s manufacturing industry; if not, it is likely that China will continue to lag behind. In such circumstances, we should earnestly study the ideas and strategies to cope with it, try to find a new industrialization road for the manufacturing industry to upgrade, change and develop. We should make bold explorations and deepen the reforms in such aspects as new industrial system construction, selected development of the strategically advanced manufacturing industries, matching pattern designing of the advanced manufacturing industry and the modern service industry, intellectual property protection, high-end talent creation, promotion of service innovation, market environment forging, etc., so as to make an active response to and plunge into the upcoming “third industrial revolution”.

Key words: new industrial revolution; innovation of production mode; re-industrialization; coping strategies