A Study On The Improvement Of China 's Industry Growth Quality

Since its economic reform and transformation 30 years ago, China has been expanding rapidly in terms of economic numbers. However, the simple pursuit of economic numbers has caused a series of problems, which means that it alone will not work unless we pay attention to the quality of economic growth as well. The quality of industry growth has a direct and broad impact on the quality of economic growth. Thus, enhancing the quality of industry growth is the most important step towards enhancing the quality of economic growth. With the evolution of industry growth cycle and changes in market conditions and the international competitive environment, the enhancement of the quality of industry growth in China is imminent.Thus, it is particularly important to research on how to enhance the quality of industry growth in China.How is the quality of industry growth improving in China in recent years? What is the best way to enhance the industry growth under the new historical conditions? To answer these questions, a systematic and detailed research is required. This paper will be based on the construction of a theoretical framework for the analysis of industry growth. I will commend on China’s enhancement of the quality of industry growth in the past, evaluate its changes and characteristics in the recent 10 years, discuss factors affecting it at this stage, and finally propose the basic method and necessary policy transformations.The argument of this paper is divided into four parts. Firstly, define the quality of industry growth and build the theoretical framework to analyze the quality of industry growth. I will also analyze the quality of industry growth from six dimensions:effectiveness and efficiency, structure and stability, changes, environmental and energy cost, and competitiveness changes; Secondly, evaluate the quality of China’s industry growth from 2000 to 2012 by establishing an index to measure the quality of industry growth and conducting a statistical analysis with Principal Components Analysis as well as sample data from 2000 to 2012; Thirdly, discuss factors that will enhance the quality of China’s industry growth from different dimensions; Finally, propose policy transformations with a discussion of methods available for China’s industry growth.