Since the beginning of the 21st century,the transformation of new and old momentum of China's industries has experienced three stages.First,from joining the World Trade Organization to the international fi-nancial crisis,the overseas market demand was the strong momentum,and light industry drove the develop-ment of heavy industry.Second,from the international financial crisis to the Sino-US trade friction,urbaniza-tion drove domestic demand and accelerated the development of the heavy chemical industry.Third,since the Sino-US trade friction,the demand for domestic substitution has led to the development of the high-tech manufacturing industry,and the service industry has become the largest industry and remained stable.Under the new development pattern,there is still much room in fostering new momentum for China's industries.Spe-cifically,upgrading of the demand structure gives rise to new momentum for the service industry;the develop-ment of new technologies and industries forms new momentum;the release of four major demands for domestic substitution fosters new momentum;the rapid development of emerging economies drives China's exports;and the release of vitality from small and medium-sized private enterprises stimulates new momentum.Targeting the five directions,precise reform measures should be taken to unleash new momentum for industrial develop-ment and promote the transformation of new and old momentum for China's industries.
Transformation of New and Old MomentumNew Development PatternIndustrializationIndus-try
维普
万方数据
