A primary approach to Chinese strategic industrial system

Abstract

Generally speaking, strategic industry sectors of a country or an area have such characteristics as relatively higher growth rate, higher labour productivity, higher rate of employment, higher technological level, higher rate of technological improvement, more obvious competitive advantages, stronger power and bigger scale, higher demand flexibility and better economic benefit compared with that of other industrial sectors. Theoretically, each industry can become a strategic industry depending on strategic task, goal of a given economic development stage and national or regional conditions. So, establishing strategic industrial system, as output of the development of social labour division, is of great significance in both constructing national or regional industrial structure and making out national regional industrial policy. In this paper, the authors made a detailed study on China’s strategic industrial system by using Weaver-Thomas Model.