Chinese Industrial Development and Policy Adjustment in Anaphase of Industrialization

Abstract

For industrialization stages, we can use a vari-ety of existing development models and evalu-ation criteria for analysis, including the Hollis B. Chenery Development Model and Kuznets development model. The well-known econo-mist Hollis B. Chenery conducted research on the relationship between economic develop-ment level and industrial structure from more than 100 countries, and formulated a multi-country model of industrialization process. Through statistical analysis, economic develop-ment can be divided into the primary produc-tion stage, industrialization stage and devel-oped economic stage by per capita GDP changes, including six economic growth peri-ods. The 1st period is the primary production stage, the 2nd, the 3rd and the 4th periods cor-respond to earlier stage, metaphase stage and anaphase stage of industrialization, the 5th and the 6th periods are developed economic stages. According to the constant value of the US dol-lar in 2010, the PGDP of China was $1,444 in 1997, and the economic development entered the initial stage of industrialization. In 2005, PGDP of China was $2,738, and the economic development entered the metaphase stage of in-dustrialization. In 2013, PGDP of China was $5,722, and economic development entered the anaphase stage of industrialization. In 2016, PGDP of China was $6,895, and the economic development was still in the further develop-ment of anaphase stage.