New industrial revolution

China will have to adjust its industrial strategy as soon as possible and try to achieve technological breakthroughs

Debates about how to pull the world out of its lingering financial difficulties and bring about an economic recovery are reaching the unanimous conclusion that a new industrial revolution is needed to revive the slackened global economy.

In the face of changes that some Western economists say will amount to a third industrial revolution, the question of whether China can achieve an economic transformation and avoid the end of the "made-in-China" period poses an unprecedented challenge to the world's second largest economy.