Balance of Three Kinds of Wealth and Development of Chinese Industries

Wealth can be divided into three kinds:produced wealth,natural wealth,and wealth.The core indicators to evaluate development standard of countries are the total value of the country's wealth,and the balance extent of the three kind wealth.Since initiating the reforms and open policy,China has achieved tremendous success in produced wealth,but seldom headway in and wealth.The imbalance of three becomes the most difficulty to hinder Chinese development.When designing development strategies,China should turn from theory of comparative advantage to theory of three kind balances.Firstly,industrial restructuring should be carried out according to the balance of the three kind wealth.Secondly,circular economy including two loops of humanity wealth-product-humanity wealth and natural wealth-product-natural wealth should be encouraged.Lastly,systems of extended producer responsibility should be established.