Choosing a Growth Pattern that Suits the Present Development Stage

    Since the late 1990s, the growth of heavy industry in China has speeded up considerably, with a corresponding rise in its share in the national industrial output value.This trend has made some scholars believe that China has entered a stage of booming heavy and chemical industries, and for good reason.Many localities regard accelerating the heavy and chemical industries as the key to economic growth, and have written this into local development strategies and industrial policies. Because a correct reading of the current development stage of the economy has a close bearing on the nation’s development strategy, and also because the choice of such a strategy determines the mode of economic growth and affects the solution of problems concerning farmers, rural areas and agriculture, urban and rural employment, and the income gap, we must make a sensible judgement upon whether or not presentday China has advanced to the stage of heavy and chemical industries. Only by means of a scientific judgement can we reach a consensus upon national development strategy……
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    文章出处：China Economist，2006,No. 3 (July), pp. 80-88