Environmental Changes and Strategies for the Development of China’s Strategic Emerging Industries

Abstract

Strategic emerging industries represent the direction for the new round of scientific and technological revolution as well as industrial transformation. They are key areas for China to implement supply-side structural reforms, foster new momentum for development, and gain new competitive advantages. Proposing corresponding development strategies to face major changes in the international and domestic environments in the future has become urgent need for China’s emerging industries. This paper sorts out the current status of strategic emerging industries, and adopts principal factor analysis to predict the environmental changes facing industrial development, from the perspectives of emerging technologies, new needs, international environment, and domestic ecology. Studies show that the role of strategic emerging industries in China’s national economy is becoming increasingly important, and the 14th Five-Year Plan period will be an important period of opportunities for industrial development. Meanwhile, emerging technologies are expected to boom worldwide and the international environment will undergo a profound adjustment. All these changes will pose significant impacts on the development of strategic emerging industries. Thus, to promote industrial development to adapt to the new macro situation, we propose that China should rationally adjust the development areas, strengthen its innovation capacity, improve the development environment, and optimize the industrial layout, in the follow-up policy design of strategic emerging industries and the formulation of the 14th Five-Year Plan.