Since the outbreak of the 2008 global financial crisis, the world economy has been facing profound changes in the growth drivers and development mode. It brings not only new challenges but also new opportunities for China to promote new industrialization. We should seize the new opportunities and meet the challenges, achieving high quality development of the manufacturing industry in promoting new industrialization.The reconstruction of global value chain and the reshaping of industrial division pattern are the opportunities we should seize. It’s of great necessity for us to vigorously implement the innovation-driven strategy and force some important industries to upgrade first, so as to make them rise to middle and high-end global value chain.We should also grasp the opportunity of the continuous expansion of the domestic market scale, and encourage qualified manufacturing enterprises to create incentives for innovation. Different from the past economic growth pattern driven by foreign demand, we should rely on the advantages of China’s economic scale and market expansion to build a global value chain that takes the domestic market as the mainstay.Through the construction of the Belt and Road Initiative, we should seize the opportunity of high-level opening-up, promoting foreign investment and international industrial capacity cooperation. The Belt and Road Initiative will encourage the infrastructure construction and the institutional innovation of participating countries, deeply promote their integration, and create new growth points for economy and employment.
