'Chinese wisdom' is a boon for industrialization

Four decades of reform and opening-up have highlighted the importance of six kinds of "Chinese wisdom" in promoting China's unprecedented industrial development.

First is the adherence to the principle of making progress while maintaining stability, in order to guarantee the continuous growth of industries and deepening of industrialization. Over the past four decades, China has implemented progressive reform focused on economic construction, and made great efforts to build a harmonious and stable development environment. To stabilize economic operation, China has consistently deepened reform and established a favorable relationship among reform, development and stability.

Second is to establish the right coordination between industrial policy and competition policy, continuously improve industrial efficiency and make greater efforts to reach high-end industrialization. China has taken successive measures to coordinate the relationship between the government and market, as part of market-oriented reform, so that the market can play a critical role in resource distribution, and the government can perform its duties better.