{"title":"The Promotion of Deep Integration of Modern Service Industry and Advanced Manufacturing Industry","authors":"Ziyan Xu, Xiao-Tong Feng, Jiechang Xia","doi":"10.1515/cfer-2021-0005","DOIUrl":null,"url":null,"abstract":"Abstract Industry integration is a significant trend in modern economic system and industrial development. It has been proved by both theory and practice that choosing the path of integrated development is the inevitable course for expanding the modern industrial system, extending the industry boundary and improving industry competitiveness. The modern service industry and advanced manufacturing industry with the core feature of innovation and development under the leadership of technology need to satisfy the high standard and requirement of development quality, comprehensive competitiveness, demand shift and green development. Under the development trend of “integration of two industries”, profound changes have taken place in the status, industrial form and agglomeration mode of producer services. New models are emerging in the integrated development of advanced manufacturing and modern service industries in the aspects of innovation, input, output, demand and region. To accelerate the in-depth development of “integration of two industries”, under the precondition of respecting the choice of market supply and demand and industrial development trends, the government needs to exert targeted force in supporting key integrated areas, organizing working mechanisms orderly and standardizing market access regulations, and fostering diversified integration development entities and establishing talent systems.","PeriodicalId":66259,"journal":{"name":"China Finance and Economic Review","volume":"10 1","pages":"86 - 101"},"PeriodicalIF":0.0000,"publicationDate":"2021-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"China Finance and Economic Review","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1515/cfer-2021-0005","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
Abstract
Abstract Industry integration is a significant trend in modern economic system and industrial development. It has been proved by both theory and practice that choosing the path of integrated development is the inevitable course for expanding the modern industrial system, extending the industry boundary and improving industry competitiveness. The modern service industry and advanced manufacturing industry with the core feature of innovation and development under the leadership of technology need to satisfy the high standard and requirement of development quality, comprehensive competitiveness, demand shift and green development. Under the development trend of “integration of two industries”, profound changes have taken place in the status, industrial form and agglomeration mode of producer services. New models are emerging in the integrated development of advanced manufacturing and modern service industries in the aspects of innovation, input, output, demand and region. To accelerate the in-depth development of “integration of two industries”, under the precondition of respecting the choice of market supply and demand and industrial development trends, the government needs to exert targeted force in supporting key integrated areas, organizing working mechanisms orderly and standardizing market access regulations, and fostering diversified integration development entities and establishing talent systems.