Economics, Econometrics and Finance
8 years ago

China's Industrial Structure Transformed Through Service-Type Manufacturing Boost.

Xi'an Jiaotong Daxue xuebao
Boosting Service-type Manufacturing——A strategic consideration on optimizing the adjustment of China′s industrial structure
Wang Ying-luo

Paper Summary

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Industrial Symbiosis

The recent financial crisis has hit Chinese industries hard. To improve the economy, China needs to upgrade its industrial structure by focusing on service-type manufacturing. This means blending manufacturing and service industries to boost the overall economy. Manufacturing is crucial for China, but service-based industries are the future. By combining the two, China can enhance its industrial structure and move towards a more service-oriented economy.