Chinese Economic Growth Path Study Under The Technical-economic Paradigm

As we all know, new classical growth theory studies and discusses the economic growth problems under the paradigm of balance. As a mainstream growth theory, this theory has long been revered in economic circles. To the early 20th century, with the quietly rising of evolutionary economics, the ideas of evolutionary were introduced to the study of economic growth. Evolutionary economics focus on "change" research, emphasizing institutional change and the important position of the economic evolution in history. This paper studies the problem of China's economic growth path, and the paper has not used the new classical theory to study, instead choosing Peres theory in the evolutionary economics.With five technical developments as the research object waves, the famous evolution economist Perez found that each technology wave has the corresponding technical and economic paradigm, and profoundly revealed the inherent laws of economic development and stability of the path hidden behind the successive waves. Perez Proposition technology-economic paradigm is a new concept, refers to the technological revolution based on new economic growth mode and deep changes in the system thoroughly, which is played by the technological revolution, driven by the economic role and impact of inspection.With Perez' economic growth theory as the theoretical basis and the fifth technological revolution as the main study object, the paper studies domestic and international economic variables in the development of the fifth technical and economic paradigm, in order to do macro-aggregate validation of Perez theory, and try to get an accurate position of china in the fifth development of techno-economic paradigm. On this basis, the paper re-interprets the deep roots of the current global financial crisis.In accordance with the evolution of economists, the fifth technology-economic paradigm in developed countries has headed into the mature stage, and enters the development of the sixth technology-economic paradigm. But China is at the turning point from the frenzy phase to collaborative phase during the development of the fifth technical-economic paradigm. The rise of China and the whole world technology environment, can not allow China to slavishly across from the fifth to the sixth. On the contrary, before the end of the fifth technical-economic paradigm, china need to begin the development of the sixth technical-economic paradigm, showing the scene of multiple paradigms. Co-existence of multiple paradigms is the path of economic growth now and in the future.The paper proposes "the Sixth techno-economic paradigm" with the technical and economic background of new energy, new materials, modern biotechnology and low-carbon economy. The paper discusses China's strategic direction of financial capital in view of crossing the fifth and looking forward to the sixth, and analyses the stability and volatility factor in the joint development of production capital and financial capital. There are three innovation of this paper. First, we use the theory of evolutionary economics of innovation and growth to analyze and discuss China's economic growth; second, the paper creatively puts forward the sixth technology-economic paradigm as the core of new energy, new materials, modern biotechnology industry cluster technology and low-carbon technologies; Third, this paper looks forward to project that Chinese economy will enter the joint development of a stable phase, the "golden stage", after the financial crisis. With the reality the paper reveals that China will enter the coexistence era of the "multiple paradigm".First need to specified, this article mentioned in the title of financial capital and productive capital of game theory throughout the text, not the meaning of game theory, but especially financial capital and production capital in motion the process of interdependence, dynamics, relationship of mutual influence and mutual restriction.