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The
Trend Toward a Coordinated
Economic Structure
Before 1978, China??s economy had
a weak foundation in agriculture, and the ratio between light and
heavy industries was unbalanced. Since 1978, China has adopted a
series of policies and measures giving priority to the development
of light industry, expanding the import of top-quality consumer
goods, strengthening the construction of basic industry and facilities,
and devoting major efforts to developing tertiary industry, so as
to make China??s economic structure more coordinated, optimized and
balanced. The relations between different industries and within
industries in terms of proportion have clearly been improved; the
proportion of primary industry has declined, while that of the secondary
and tertiary industries has grown; the growth of the overall national
economy was driven formerly by the primary and secondary industries,
but now it is being driven by the secondary and tertiary industries.
Actually the growth of secondary industry becomes the main engine
of rapid development for China??s economy.
While the whole industrial
structure is changing, the internal structure of every industry has
also changed greatly. In the total output value of agriculture, forestry,
animal husbandry and fisheries, the proportion of pure-agricultural
output value has declined, while that of forestry, animal husbandry
and fisheries has grown; the structure of light and heavy industries
has escalated from the light-pattern structure stressing ??consumption
compensation?? to the heavy-pattern structure of ??investment guidance??;
within the tertiary industry the proportion of the traditional industries,
such as communications, transportation and commerce, has declined,
while real estate, banking and insurance, and telecommunications,
have developed rapidly. |
