New Industrialization: Characteristics, System Development and Implementation Pathway

New industrialization in China, different from its past economic development pattern or patterns in developed nations, is the country’s theoretical innovation based on the positive and negative experiences of industrialization at home and worldwide. New industrialization has various novel characteristics, including new sources of efficiency, new factors of production, new organizational forms, and new constraints. In addition, it has certain particularities arising from modernization with Chinese characteristics. This article summarizes the characteristics of new industrialization from the perspectives of people-centered approach, quality-first concept, independent innovation, green low-carbon economics, digital-real integration, and open circulation. There are four systems for promoting new industrialization: A self-sustained scientific and technological system, a high-end advanced manufacturing system, a green low-carbon circular system, and a division of labor system with domestic and international circulation. The Chinese new industrialization proposes the pathway and policy measures considering the new global situation and the requirements of new goals of strengthening organization and leadership, reducing factor cost, accelerating independent technological innovation, smoothing domestic and international circulation, and optimizing competition environment.

Rationale and Pathway for New Industrialization in the Context of Chinese Modernization

The concepts of modernization and industrialization have different connotations that are specific to their historical backgrounds,and their theoretical innovation and development may benefit from China’s experiences.Industrialization is the cornerstone of modernization,and holds the key to its success.China’s experiences in blazing a new trail of industrialization are challenging the traditional Western theory of industrialization and deepening the connotations of Chinese modernization.New industrialization is a key entry point for steering China’s modernization drive and theoretical innovations.This paper offers an overview of the theory of Chinese modernization and its evolving trend along China’s socialist industrialization path,as well as the rationale and pathway for new industrialization in the context of Chinese modernization.As our findings suggest,the new industrialization concept has taken hold in every key aspect of Chinese modernization.When combined with the theory of Chinese modernization,the theoretical implications of new industrialization play a crucial role in propelling Chinese modernization forward along a new journey in the new era.

Research on Key Points of Design of Standard Plants in Modern Industrial Parks Under the Background of Promoting the Development of New Quality Productive Forces

With the progress of science and technology and the acceleration of industrialization,the modern industrial park is an important carrier of industrial development.The importance of its standard plant design has become increasingly prominent.With the development of new quality productive forces as the background,this research deeply discusses the key points of standard plant design in modern industrial parks.This paper uses literature review and case analysis to systematically analyze the important role of standard plant design in developing new quality productive forces in modern industrial parks and puts forward suggestions for optimizing design.It is found that the rationality,intelligence,and environmental protection of plant design are the key factors affecting the development of new quality productive forces.The paper summarizes the core points of modern industrial park standard plant design to provide a reference for the future development of related industries.

Constructing ecological system of digital culture industries in the new era

Developing digital culture industries is one of the important social planning strategies in China in the new era.China’s digital culture industries has continued to grow in recent years,but there are still a series of problems such as imperfect industrial ecological chain structure,lack of development and innovation content,and small scale of ecological platform.At this stage,in order to build a sustainable ecological system for the development of digital culture industries in the new era,we should focus on the development of key areas related to digital culture industries,guide the development of industrial agglomeration,cultivate large-scale leading enterprises,strengthen the support of industry chain,build an innovative ecological model,and increase policy support.Only in this way can the digital culture industries be pushed into a benign ecological system as soon as possible and cultivated into a new momentum for the development of China’s culture industries in the new era.

Re-measuring Status of China＇s High-Tech Industries in International Division of Labor： Applying a Non-Competitive Input-Output Model

Based on a refined ＂non-competitive input-output model,＂ this paper proposes a new framework for analyzing the status of a country＇s high-tech industries in the international division of labor, i.e. calculates the index of＂ weighted value-added productivity ＂ by compiling non-competitive input-output tables which distinguish high-tech industries from traditional industries. The new method effectively avoids ＂statistical illusion＂ which stems from a biased focus on gross exports under intra-product specialization. The empirical study shows that since 1995, the status of China＇s high-tech industries has grown quickly as a result of enhanced labor productivity, but still lags behind those of major developed countries. In addition, the study also suggests that the status of China＇s high-tech industries has been over-estimated using the traditional gross export statistical method.

Spatio-temporal evolution of the coordinated development of high-tech industry agglomeration and resource-environmental carrying capacity in the Yellow River Basin

Under the background of new infrastructure,the Yellow River Basin’s superior growth cannot be separated originating with the synergistic effect of scientific and technological inventiveness and ecological civilization construction.In light of the coupling coordination analysis of the coordination effect of provincial high-tech industry agglomeration and resource carrying capacity in the Yellow River Basin from 2009 to 2021,The evolution of the geographical and temporal pattern of development was investigated using the Moran index and kernel density estimation.The results show that the agglomeration of high-tech industries in the Yellow River Basin presents a development trend of seek improvement in stability,and there is a good coupling and coordination throughout the progression of scientific and technological innovation and the loading capacity of the resource,from the viewpoint of a time series.From the perspective of spatial pattern distribution,the whole basin aims at the lower reaches,accelerates the optimization of digital industry and promotes Yellow River Basin development of superior quality through innovation support and increase of input,and based on policy guidance.

Measurement and Strategy Research on the Green Development Level for the New Energy Vehicle Industry in Chongqing City

This article takes 2016-2022 as the inspection period to construct an evaluation index system for the green development level of the new energy vehicle industry.The entropy method and comprehensive index are used to measure the green development level of the new energy vehicle industry in Chongqing,and compared with neighboring provinces such as Yunnan,Guizhou,and Sichuan.Policy recommendations are proposed to promote the development of the new energy vehicle industry in Chongqing City.

Research on the Mechanism and Strategy of Equity Investment Driving the Transformation of New Material Innovation Achievements

Under the wave of global technological revolution,the new materials industry is facing difficulties in innovation and transformation.Equity investment has become a key driving force due to its flexible mechanism,risk sharing,and deep participation.Based on introducing the current development status of China’s new materials industry,this article reveals the mechanism of equity investment in financial support,risk management,incentive constraints,and resource integration.The article proposes optimization strategies,such as building an information-sharing mechanism and a diversified investment fund system,to promote the high-quality development of the new materials industry driven by innovation and provide strategic guidance for policymakers,investors,and enterprises.

A LOCATIONAL COMPARATIVE STUDY ON HIGH-TECH INDUSTRIAL ZONES IN CHINA

There are three ports in this poper.Part I is involved in discussion of threeessential soft factors acting at development of high-tech industry-location,nctworkand comptehensive factors.It strobes the role of brains and practical capeity inhigh-tech development,clarifying the same importance of qualified personnel networkas information network,elucidating both intemal and external impetus Part II dealswith locatkinal comparison among high-tech industrial zones in Ch;. for which anAnalysis of Hierarchy Process (AHP) method is used. Upe esults, Chinesehigh-tech industrial zones are divided into four grades. The las. p proposes four aspects as implementation measures for high-tech industrial zone in China.

China’s Industrial Upgrading and Value Chain Restructuring Under the New Development Pattern

Global industrial chains(GICs)have become a hallmark of the world economy underpinning the global production cycle.Since the reform and opening up was introduced in 1978,China has taken an active role in global value chains(GVCs)and become the world’s factory floor.Under the external shocks to GICs,such as US trade frictions with China and the COVID-19 pandemic,China’s traditional comparative advantages in manufacturing which include its labor force and costs are waning.This has manifested in a wave of industrial relocations from China to other countries as well as China’s weakening international competitiveness.We took stock of the concepts and journey of GVCs and elaborated the intrinsic relationship between GVCs and the new development pattern of“dual circulations”.We also analyzed the trends of GVCs,the current status and problems of China’s industrial chains,and China’s market heft,complete industrial chains and the digital economy as new strengths for industrial chain upgrade.In our conclusion,this paper put forth some policy recommendations for China’s industrial chain upgrade in the context of dual circulations.

China’s Manufacturing amid New Industrialization in the 14th Five-Year Plan Period

Driven by a new round of technological and industrial revolution,China’s manufacturing industry is heading towards green,intelligent,service-based and customized development.In light of the new technological revolution and evolving industrial development model,we need to revise and breathe new life into the traditional industrialization theory.When assessing a country’s industrial development,we should use the level of industrial technology,instead of the proportion of primary,secondary and tertiary industries,as the key criterion.In addition,the level of modern industrial development should be determined according to the degree of digital,network-based,and smart features.The new industrialization theory should employ knowledge-intensive complex labor to replace simple labor as the labor factor input in the production function,and include data as a new factor of production in the analytical framework.We should also define natural resources and the environment and greenhouse gas emissions as hard constraints of the production function.In the comparison of smart,service-based and green development levels of China’s,the US’and Japan’s manufacturing sectors,our results suggest that China lags far behind developed countries in terms of the level of industrial development.During the 14th Five-Year Plan period,China’s manufacturing industry should shift from quantitative expansion to digital and smart innovations and applications,modernize the industrial system,promote industrial integration,and broaden its horizon from domestic regional planning to the global value chain.

NEW RURAL SPACES: THE IMPACT OF RURAL INDUSTRIALIZATION ON RURAL-URBAN TRANSITION IN CHINA

Since the 1980s, rural-urban transition has been becoming one of the most important aspects in China’s fast transformation from traditional to modern modes. From the perspective of change of rural space, this paper examines the impact of rural industrialization on the rural-urban transition. After an introduction to the issue of rural-urban transition in rural-urban continuum, a historical overview of the transformations of China’s rural space in economic, social and geographical structure is presented. This is followed by an analysis of regiotal uneven development among provinces in rural industrialization and rural-urban transition. It is concluded that the fast industrialization of rural area has brought on many radical transformations of rural space in China, especially on the formation of new rural economic, social and geographical spaces and the uneven development of rural-urban trgnsition among the eastern, central and westem areas.

The role of new ICTs in the sustainable development of industrial cluster:a case study of Yangxunqiao textile cluster

The wide application of new information and communication technologies(ICTs)has been argued to be critical in local economic development,while the application of new ICTs will affect the development of industrial cluster,especially those small and medium-sized enterprises(SMEs).This paper examines Yangxunqiao textile cluster located in Zhejiang Province as a case study to focus on the role of ICTs in the sustainable development.We argue ICTs application in firms boost flexible and customized production approach,improve e-commerce market channel and raise supply chain management.We also pay special attention to the spatial implication of ICTs adoption in industrial cluster,and suggest that application of ICTs tend to lead to further clustering of SMEs in the location with mature production chain.Our analysis shows that new ICTs are a facilitator in the sustainable development of the industrial cluster.

Spatial Pattern Evolution and Industrial Characteristics of Economic and Technological Development Zones and High-tech Industrial Zones in China

Economic and technological development zone and high-tech industrial zone are important types of development zone in China,and there are differences in their connotation and goal setting.In this paper,basic data of national and provincial economic and technological development zones and high-tech industrial zones in China were collected and arranged.Kernel density analysis and other GIS spatial analysis techniques were used to analyze the evolution laws of spatial patterns of economic and technological development zones and high-tech industrial zones in cities from 2006 to 2018.First,the agglomeration intensity was compared by measuring the degree of regional agglomeration and dispersion on the two time nodes.Next,kernel density method was used to explore the evolution of the two in the spatial layout and location,and analyze development commonness and difference of economic and technological development zones and high-tech industrial zones.Finally,the trend and reason of spatial evolution of development zones with different leading industries were explored.Research results show that:①the agglomeration degree of layout of high-tech industrial zones is stronger than that of economic and technological development zones,and there are similarities and differences in distribution trend of spatial patterns of the two types of development zones;②the distribution of labor-intensive,capital-intensive and technology-intensive development zones is concentrated at smaller scales and dispersed at larger ones;③although there are differences between the economic and technological development zones and the high-tech industrial zones in the goal,support,structure and function,management system and so on,their spatial development presents a trend of convergence.In the future,when enhancing urban-rural planning and public administration,governments should combine the trend of industrial transformation and upgrading,and optimize spatial layout of development zones by adjusting industrial structure,layout,transportation and land use.

The Impact of New Standard of Financial Instruments on Commercial Banks- A Case Study of Industrial and Commercial Bank of China

In July 2014,《International Financial Reporting Standard 9:Financial Instruments》(Referred to IFRS 9)was formally published. Compared to the former standard,《International Accounting Standard 39: Financial Instruments》(Referred to IAS 39), rules of two main aspects, the classification and measurement of financial assets and the impairment model of financial assets have been changed in IFRS 9. Taking ICBC as an example, this paper studies the impact of changes in financial instruments on commercial banks. The study shows three impacts on commercial banks’ financial report. Firstly, the changes of the classification and measurement of financial assets will have limited impacts on commercial banks. Secondly, the expected-loss model will significantly increase the loan loss reserves under the new standard, thus reducing the net asset and net profit. Thirdly, the change in the measurement way of the equity instruments of available-for-sale securities will increase the fluctuation of the net profit. This study shows investors and regulators the impact of the new standard of financial instruments on commercial banks.

The New Industrial Revolution, Global Governance Reshaping and Multilateralism

Currently,a new industrial revolution characterized by artificial intelligence,the internet of things,and digitalization is in a critical transition from initiation to allaround expansion.While injecting new dynamism into global economic growth,and promoting inclusive development and human welfare,the new industrial revolution will reshape the pattern of international competition,and provide a window period for latemoving countries to compete and catch up with developed nations.Amid the shocks of the new industrial revolution,countries must adhere to the principles of openness,multilateralism and reciprocity to share the dividends of the new industrial revolution and effectively cope with its challenges.Therefore,multilateralism,rather than protectionism and unilateralism,should dominate the mainstream of change in future global governance.The reform of existing multilateral organizations such as the World Trade Organization(WTO)must proceed under the principle of multilateralism.

Path Choice on Rural Industrial Upgrading in the Process of Rural-urban Integration in Binhai New Area

With methods of reference research and field research, the current situations of rural industrialization in the process of rural-urban integration in Binhai new area are analyzed and some problems in the process of integration in the new area are pointed out, such as difficulties in breaking dual economic structure in urban and rural areas, imbalanced economic development in the area and inadequate development of the third industry. And relevant countermeasures are proposed: optimizing agriculture industrial structure and promoting agricultural industrialization to form urban agricultural model of Binhai new area focusing on facility agriculture, park agriculture and high-end agriculture and to realize the intensive growth of agriculture; rationally distributing rural industrial structure to form regional leading industry and playing the guiding role of industry to achieve industrial adjustment improvement; quickening the construction of the third industry centering on service to form the service system of modern countryside and the leading role of modern service industry so as to achieve rapid development of the third industry.

A Study of the Industrial Development in Huazhong Agricultural High-tech Industrial Development Zone

This paper illustrates the current situation and problems concerning the industrial structure in Huazhong Agricultural High-tech Industrial Development Zone,and analyzes the internal contradictions that exist in industry: small-scale land operation has become an inherent obstacle to the industrial development in Agricultural High-tech Zone; farmers are always in a passive position in industrial restructuring optimization; government's policy failures and rent-seeking behaviors have hindered industrial development; the research,popularization and application of agricultural science and technology is not suited to industrial development requirements. Finally,this paper makes the corresponding recommendations for industrial development in Huazhong Agricultural High-tech Industrial Development Zone.