On Factors Affecting Industrial Development Growth Rates—A Discussion with Comrade Zhu Jiaming

Abstract

In the past few months, the unabating high rate of industrial development has, in an acute fashion, presented to theoretical circles the question of how to view the current high growth rate. In his article published in the second issue of the Forum of Young Economists, Comrade Zhu Jiaming declares that China has the preliminary material preconditions for high-speed and that since 1978, some indexes of economic growth have shown that the period of high-speed growth has already come. This author, however, holds that the problem cannot be explained by looking only at indexes of a few years, and that in order to determine whether or not China has entered a period of high-speed growth, it is necessary to analyze the factors that affect the rate of industrial development and the trend of their changes. The present article is written to invite comments and corrections by Comrade Zhu Jiaming and others.