Professor Liu Zhibiao, executive director of Yangtze IDEI of Nanjing University, published an article entitled "Industry Chain Policy: New Trend in China’s Practice of Building a Modernized Industrial System" on Social Sciences in China, proposing that the construction of a modernized industrial system should be studied in terms of specific construction paths and policy measures, and arguing that to promote the construction of a modernized industrial system with a synthetic and comprehensive industry chain policy is a new proposition, a new challenge and a new task put forward by industrial Economics.
Professor Liu Zhibiao first analyzes the policy paths of promoting the construction of a modernized industrial system and its integration trend from the logic of practice. There have been two distinct policy paths to promote the construction of a modernized industrial system: one is the industrial policy path that highlights "technological progress and structural change" in the "industrial system," which has long been favored by the Chinese government and occupies a dominant position in China's industrial economics theory; the other is the promotion path and strategy centered on the competition policy, which focuses on strengthening the endogenous power mechanism of structural evolution and social efficiency.
In particular, he points out the decisive role of the stage of economic development in the choice of policy paths to promote the construction of a modernized industrial system. In the new round of the fourth scientific and technological revolution characterized by “intelligent technology,” the requirement to accelerate the development of new productive forces will probably put China at the forefront of development. Many of China’s technologies and industries are at the same starting line as those of developed countries, forming a parallel and competitive situation and even creating a certain leading edge in some fields. At this point, China’s technology and industry development paths will have to explore themselves. To reduce development costs, we need to rely on competition policy to promote technological innovation and enhance the modernization of the industrial system.
Prof. Liu asserts that the direction of economic policy of major countries in the world today has undergone a significant change: from a focus on the goal of enhancing social welfare through the formation of competitive market structures or the goal of utilizing changes in industrial structure to promote rapid growth to a shared focus on strengthening the industrial chain, in particular on enhancing the resilience and security of the industrial chain. This shift is conducive to constructing a modernized industrial system characterized by completeness, sophistication, and security.
Based on the above analysis, Prof. Liu proposes to comprehensively build an industry chain policy system that can help promote constructing a modernized industrial system from the four aspects of "point, line, surfaces, and body."
Writer: Xie Zimeng
Editor: Ye Chengwei
