China's Industrial Modernization Accelerates, Setting Stage for Economic Growth
China is working towards becoming a strong industrial power in the 21st century, which requires modernizing its industries. The level of industrial modernization is evaluated based on growth efficiency, structure, and environment. China's industrial modernization level at the turn of the century was 28.72, indicating it is in the early stages of development. The focus now is on speeding up the process of industrial modernization.