China’s Industrial Restructuring under Open Economy

Open economy refers to the one in which factors of production including goods, capital and workforce,etc. flow and cross over national boundaries. With the development of economic globalization, implementing open economy becomes a must to develop national economy.China is facing severe structural adjustment pressure with its economic aggregate growing,and studying industrial restructuring under open economy has its special implication.Only by accelerating paces of industrial restructuring and upgrading in the course of opening China wider to the outside world will a true-sense open economic operation system be established,which is the guarantee for an all-round,harmonious economic development.