BUILDING A MODERATELY PROSPEROUS SOCIETY IN ALL RESPECTS – New-Type Industrialization*
Institute of Industrial Economics (IIE), CASS, Beijing, China
Abstract: After announcing the goal of building a moderately prosperous society in all respects by 2020, the Chinese leadership also called for a new path of industrialization, putting a premium on quality and new development concepts. Unlike traditional industrialization in the broad or narrow sense, new-type industrialization features synergy between primary, secondary, and tertiary industries, integration between traditional economy and the new economy, environmental protection, technology progress, and innovation. It represents an inclusive approach to industrial development. At the fundamental level, the success of China’s new-type industrialization can be attributed to China’s inclusive learning and innovations.
Keywords: building a moderately prosperous society, new-type industrialization, inclusive learning and innovation
JEL classification code: O14; I32P21
DOI: 1 0.19602/j .chinaeconomist.2020.01.03