The Path for China's Industry Upgrading under Global Factors Division

Since reform and opening,in the face of western industrial technology transfer and diffusion,China accept and integrate with an open attitude and a positive initiative,so that seize the strategic opportunities arising from global factors division,and realize industrial development even upgrades.However,a simple into global factor division of the system also brings negative issues like unbalanced,uncoordinated and excessive consumption of resources.Therefore,China's industrial development is faced with the urgent task of transformation and upgrading.Length of the global industrial chain further extend,advanced factors cross-country mobility become stronger and MNCs' reverse innovation strategy based in developing economies are the main features of current global factors division evolution,which is in consistent with China's industrial development stage,and brings new strategic opportunities for China to integrate into the global division and promote industrial upgrading.But different from the previous stage of simply integration requirements,the new development stage requires China to further root in global factor division.To this end,China's industrial development not only should have great patience in industrial production and technological innovation,but also should take advantage of current comparative advantage with patience.Only then,it is possible for China to seize new opportunities to realize industrial upgrading.