Hong Yinxing: Cultivating and Developing High-end Industries

Release time:2018-06-28Author: Hong Yinxing

The report of the 19th National Congress of the Communist Party of China pointed out that China’s economy has shifted from a stage of high-speed growth to a stage of high-quality development, and is now in a critical period of transforming development mode, optimizing economic structure, and replacing growth driver. Building a modern economic system is an urgent requirement and the strategic goal of China's development.The economy operates and develops in the replacement of old growth drivers with new ones. Now, the core of new growth driver is the development of strategic emerging industries. For Jiangsu, to develop strategic emerging industries, it is necessary to cultivate and develop high-end industries. First, promote the industry to the mid-to-high end of the global value chain. Second, let innovation lead development. Third, build an urban-rural regional system that demonstrates advantages and realizes coordinated linkages.