Resolution of the Central Committee of the Communist Party of China on the Major Achievements and Historical Experience of the Party over the Past Century points out that in just a few decades, China has completed the process of industrialization that took developed countries several centuries in the space of mere decades, and brought about the two miracles of rapid economic growth and enduring social stability. This paper summarizes and studies the unique creation of China's industrialization path and the contribution of Xi Jinping's economic thought to it. Although China's industrialization started late, it took a much shorter time and paid a much smaller price than developed countries in the West. The basic feature of the Chinese-style industrialization path is the simultaneous advancement of industrialization, informatization, urbanization, and agricultural modernization driven by innovation. Industrialization is the guide and driving force, informatization is its empowerment, urbanization is the support, the transfer of surplus labor in agricultural development is the human resource support for industrialization, and innovation is the continuous driving force for industrial modernization. On this basis, this paper analyzes the characteristics of the new industrialization.
