| Abstract |
China's industrial strategy in the 21st century provides for the transformation of all spheres of the country's socio-economic life in the direction of modernization based on Chinese characteristics. The article summarizes the characteristics of the implementation of industrial development since the beginning of economic reforms. Emphasis is placed on the key productions of the program of the 13th Five-Year Plan program (2016-2020), the last years of which were considered as a decisive link in the transformation of the Chinese growth model. The focus is on the new type of industrialization (high-tech and technology-intensive production based on innovation, resource conservation and environmental protection), which is carried out in complicated conditions of a global structural, institutional and cyclical nature. The digital economy in its information and technological direction is considered in the PRC as an instrument of economic management, which is emphasized in the "Resolution of the CPC Central Committee on some important conservation issues and is perfect the social system with Chinese characteristics, stimulating modernization, the system and potential of public administration" (4th plenary session of the Central Committee of the CPC of the 19th convocation, October 2019). The essence of the complicated circumstances in the world economy and international relations affecting the industrial advancement of the People's Republic of China lies in country practicality, protectionism, criticism of the WTO, anti-globalization sentiments of a systemic and analytical nature. These circumstances were exacerbated by Sino-US contradictions in trade and ownership of intellectual property and were exacerbated by the spread of the coronavirus pandemic. However, in China itself there are underlying reasons that complicate the industrialization of a new type. They are rooted in the disintegration of the structural development of the economy and include a bias in coordinating the optimization processes of the three spheres of production (agrarian, industrial, and services). Violations concern the premature strengthening of the direction that factors of production from the first sphere and the second sphere into the services sector in regions that are not ripe for the development of the XXI century industry. The scope of services in the understanding of the local authorities of China began to be considered in the XXI century, as a more advanced space for expanding domestic demand, increasing jobs and stimulating economic growth without a healthy base in agricultural and industrial production. The danger of such an understanding at the local level, if it is necessary to focus on environmental problems, green development and attention to other factors unfavorable for the development of the Chinese economy, can lead not only to a drop in the added value and competitive ability of Chinese production, but also to damage the sustainability of economic growth with the possibility of "Low income traps in the service industry." |