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THE TREND TOWARD
A COORDINATED ECONOMIC STRUCTURE
Before1978, China's economy had a weak foundation in agriculture, and the
ratio between light and heavy industries was unbalanced. Since 1978, China
has adopted a series of policies and measures giving priority to the development
of light industry, expanding the import of top-quality consumer goods,
strengthening the construction of basic industry and facilities, and devoting
major efforts to developing tertiary industry, so as to make China's economic
structure more coordinated, optimized and balanced.
The relations between
different industries and within industries in terms of proportion have clearly
been improved; the proportion of primary industry has declined, while that of
the secondary and tertiary industries has grown; the growth of the overall
national economy was driven formerly by the primary and secondary industries,
but now it is being driven by the secondary and tertiary industries.
Actually the growth of secondary industry becomes the main engine of rapid
development for China's economy.
While the whole industrial structure is changing, the internal structure of
every industry has also changed greatly. In the total output value of
agriculture, forestry, animal husbandry and fisheries, the proportion of
pure-agricultural output value has declined, while that of forestry, animal
husbandry and fisheries has grown; the structure of light and heavy industries
has escalated from the light pattern structure stressing "consumption
compensation" to the heavy-pattern structure of "investment
guidance"; within the tertiary industry the proportion of the traditional
industries, such as communications, transportation and commerce, has declined,
while real estate, banking and insurance, and telecommunications, have developed
rapidly.
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