Abstract
This chapter summarizes the process of industrialization in China, which includes the Westernization Movement and three waves of industrialization from late Qing Dynasty to the Republic of China. After the Liberation, with help of the former Soviet Union, China began to industrialize in the catch-up mode, and acquired extraordinary achievements. However, under the error command of “catch up with the United States and surpass Britain”, Chinese industrialization suffered a great setback. After the Reform and Opening, industrialization of financial pilot modes had begun in China. Financial reforms provided a steady stream of financial support for the new industrialization climax, and brought strong growth in China’s economy for more than 30 years.
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Xufeng, Z. (2020). The Four Waves of Industrialization in China. In: Oberheitmann, A., Heupel, T., Junqing, Y., Zhenlin, W. (eds) German and Chinese Contributions to Digitalization. FOM-Edition(). Springer Gabler, Wiesbaden. https://doi.org/10.1007/978-3-658-29340-6_7
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