Dual Circulation and the Rational Proportion of China's Manufacturing Industry
The manufacturing industry is the lifeline of the national economy.In recent years,the pro-portion of China's manufacturing industry in the national economy has shown a significant downward trend,and"maintaining a basically stable proportion of the manufacturing industry"has become an important guiding ide-ology for future industrial development policies.However,there is no consensus or unified calculation standard on the"reasonable proportion"of the manufacturing industry.The calculation results using econometric statis-tical methods show that under the new development pattern,in order to ensure domestic demand,the propor-tion of added value in China's manufacturing industry should be maintained for a long time at no less than 26.6%,which is the bottom line value of the proportion of manufacturing industry;To meet employment and international market demand,it is necessary to increase the proportion of manufacturing by 3.7 percentage points;So,to meet the dual cycle of domestic and international development,the proportion of added value in China's manufacturing industry should be maintained at no less than 30.3%.At present,the proportion of manufacturing industry in China has approached the critical value,and industrial policies that comply with market demand and economic development laws should be adopted to maintain the stability of the reasonable proportion of manufacturing industry.
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