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Adjustment of China’s Industry Structureand Its Impact on Sustained Economic Increases
Hu Chunli
Teaching and Research
1998, (3):
14-20.
The article holds that it is the sustained adjustment of industry structure since the start of the reform and open-up that leads to the sustained economic increase. The "Ninth Five-Year Plan Period" has seen such tremendous changes in supply and demand that it witnesses the emergence of a buyer’s market, which marks fulfillment of quantitative adjustment of industry structure. At present, then, the main defect of our industry structure is a bias towards primary processing, which results in the contradiction between insufficient and low quality supply in the face of high quality demand. This phenomenon signals a new stage of structure adjustment with a focus of upgrading the quality of industry structure. Only through raising the quality of the structure by developing a series of technology intensive industries can we enlarge our market and therefore guarantee sustained and steady growth in our national economy.
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