Multiple Constraints Chinese Industrialization Path Transformation Research

After60years of industrialization, China has entered a mid-term of industrialization, but China’s road to industrialization has not yet been completed. On one hand, there are commonalities of industrialization between China and the world’s major industrialized countries. From the initial process of industrialization, both of them call for large-scale technical reform and innovation to improve the degree of industrialization and to achieve national prosperity. On the other hand, as a developing country, China enjoys lots difference with the world’s major industrialized countries in the process of industrialization. Considered Chinese characteristics, national conditions and strength, and behind-historical actualities of the Industrial Revolution, China is destined to an industrialization process differential with major developed industrialized countries in many aspects. Chinese industrialization is still facing multiple constraints from their own national conditions and international impacts.Based on above, the article first creates the index system, clears the stage of Chinese industrialization. Then an analysis of obstacles and problems that China is facing in its industrialization process is proposed based on the country’s initial industry conditions, historical background and current stage industrialization. Finally, specific policy proposals aiming at a Chinese characterized new path of industrialization are made on industrial growth pattern transformation, regional industrialization gap reduction, and industrial structure adjustment, optimization and promotion.The paper is organized at follow:firstly the stage of China’s industrialization is examined by the description of the industrialization process. Through the analysis of influencing factors, natural capital constraints, economic and geographic constraints, and industrial structural constraints are identified in the Chinese industrialization process. Secondly, Romer’s growth model is used as a framework to build the industrial growth path under multiple constraints and to investigate the effect of the constraints to the process of industrialization. Finally, specific impacts of multiple constraints to the industrialization process are analyzed through a dynamic panel regression and policy recommendations are concluded.