Abstract: Building a modern industrial system requires more than simply implementing industrial structure policies. Instead, the focus should be on achieving factor synergy, which better reflects the requirements of endogenous industrial growth under the conditions of a socialist market economy. Building a modern industrial system is a challenge and opportunity faced by major economies. However, it is important to strike a balance between internal and external circulation to avoid closed self-circulation and low-level self-sufficient development. Under the new development pattern, the industrial system of domestic systemic circulation as the main body uses the vast domestic unified market, creating a construction mode of home field globalization. The modern industrial system is an equation for modern economic growth, where the real economy is the objective function, and technological innovation, modern finance, and human resources are the main variables that determine its development. To build a modern industrial system, it is essential to effectively coordinate these variables while leveraging the full power of market mechanisms.
