‘The New Normal',the Late Stage of Industrialization and the New Power of Industrial Growth

From the analysis of the changes of the growth rate of industry,industrial demand side,industrial structure and regional industry structure,and industrial enterprise performance,all the signs show that Chinese industrial economy is heading for a slow growth,structure optimization,which is 'the new normal',the process of China step into the late stage of industrialization stage.International experience shows that the late stages of industrialization is often tortuous and challenging.For China,in the numerous challenges,she must pay attention to the excess capacity,the transformation and upgrading of the industrial structure and the third industrial revolution.In current China,inferior industry theory is untenable,and the industrial status decline theory is still too early to realise.Facing the new challenges of industrial development,what we have to do is to increase the new power of the industrial economic growth.China industrialization process will provide further impetus to the industrial growth in supply,while China urbanization process will provide the impetus for industrial growth in demand,and comprehensively deepen reform is the source of power.