An Analysis of the Model of China's Industrial Restructuring and Upgrading-Borrowing Ideas from the Experience of Japan

Benefiting from the reform and opening-up policy, the Chinese economy has been growing up rapidly and now is next only to the U.S quantitatively. But China now is still a developing country and the economy is imperiled both by her own congenital defect and the current global financial crisis. Therefore how to take advantage of the opportunity arising from the crisis, promote the industrial upgrading and enhance the quality of the economic development is the most important task. The paper firstly analyses the urgency of the industrial restructuring and upgrading, and then gives a positive analysis of Japan's industrial restructuring and upgrading and at last the paper gives the conclusions and recommendations from the stand point of the characters of self-development and industrial policy.