Over the past seven decades since the founding of the People’s Republic of China in 1949,China has emerged as the factory floor of the world.Manufacturing prowess has undergirded China’s industrial growth,competitiv...Over the past seven decades since the founding of the People’s Republic of China in 1949,China has emerged as the factory floor of the world.Manufacturing prowess has undergirded China’s industrial growth,competitiveness,and leading-nation status.The Fifth Plenum of the 19th CPC Central Committee vowed to“basically complete newtype industrialization,ICT revolution,urbanization,and agricultural modernization and build a modern economic system by 2035.”To achieve this goal,China must steadfastly advance supply-side structural reforms,strengthen the real economy,develop advanced manufacturing,and upgrade traditional industries.China must create a stable and competitive supply chain and enhance the dynamism of market entities.At the heart of these priorities lies innovation.In conclusion,this paper puts forth policy recommendations on China’s manufacturing strength and competitiveness towards 2035.Specifically,China should leverage its market heft and“whole-nation”strength to push forward industrial transition,deepen market-based factor allocation reforms,encourage entrepreneurship,and embrace international cooperation and competition.展开更多
文摘Over the past seven decades since the founding of the People’s Republic of China in 1949,China has emerged as the factory floor of the world.Manufacturing prowess has undergirded China’s industrial growth,competitiveness,and leading-nation status.The Fifth Plenum of the 19th CPC Central Committee vowed to“basically complete newtype industrialization,ICT revolution,urbanization,and agricultural modernization and build a modern economic system by 2035.”To achieve this goal,China must steadfastly advance supply-side structural reforms,strengthen the real economy,develop advanced manufacturing,and upgrade traditional industries.China must create a stable and competitive supply chain and enhance the dynamism of market entities.At the heart of these priorities lies innovation.In conclusion,this paper puts forth policy recommendations on China’s manufacturing strength and competitiveness towards 2035.Specifically,China should leverage its market heft and“whole-nation”strength to push forward industrial transition,deepen market-based factor allocation reforms,encourage entrepreneurship,and embrace international cooperation and competition.
