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Global technological innovation has entered into monetization phase, frontier technologies breaking through gradually moving towards value creation stage, presenting great development opportunities for future industries. The development of future industries in China requires an accurate understanding of global technological and industrial competitive dynamics, leveraging the advantages of a comprehensive industrial system, innovation elements, large market demand, and extensive application scenarios, to accelerate the deep integration of technological innovation and industrial innovation, cultivate and incubate future industries, and seize strategic positions. Recommendations: Accelerate technological driven future industries, strategically plan for emerging technologies, and establish regional industrial technology innovation systems tailored to local conditions; strengthen the key factor systems, remove barriers to cross-domain and cross-border flows, and consolidate the market foundation for future industries; stimulate the vitality of various innovative entities, explore new forms of property relations and regulatory models, and establish new production relations suited to future industries.
Forward-looking deployment of future industries represents the core essence of developing new quality productive forces and serves as a critical lever for promoting the deep integration of technological and industrial innovation. This strategic initiative holds significant value for constructing modern industrial systems and securing strategic advantages in global industrial competition. Against the backdrop of accelerating global technological revolution and industrial transformation, this study systematically elaborates the strategic significance and contemporary value of future industry development, profoundly analyzes the core characteristics and intrinsic development patterns that distinguish future industries from traditional sectors and general emerging industries, and examines China's unique advantages and practical challenges in cultivating future industries. Building upon this analysis, the paper proposes a systematic implementation pathway encompassing basic research, scenario-driven development, integrated innovation, regional spatial planning, technology commercialization, and governance optimization. This research aims to provide theoretical reference and practical guidance for the gradient cultivation of future industries during China's 15th Five-Year Plan period, thereby facilitating the development channel from technological strength to industrial strength, economic strength, and national strength.
This study examines China's evolving role in global agricultural commodity pricing mechanisms. International grain and agricultural product trading has long been benchmarked against futures markets such as Chicago. As a major global grain producer and consumer, China is actively seeking deeper engagement in international agricultural market pricing systems. However, several challenges persist: the absence of a strong RMB-denominated regional price benchmark, limited influence over critical supply chain nodes, insufficient internationalization of domestic futures markets, and underdeveloped cross-border agricultural financial services. Against this backdrop, this paper explores the strategic significance and implementation pathways for establishing an international agricultural product futures trading center, aiming to provide diversified references for global agricultural pricing systems.
The world is witnessing an unprecedented surge in technological innovation. Future industries are accelerating their shift from laboratory research to commercialization, emerging as a pivotal force reshaping the global economic landscape. Recognizing the broad scope of future industries, Xi Jinping, general secretary of the CPC Central Committee, has emphasized the need to establish a sound governance system that balances development and security. This system should ensure both regulatory flexibility and effective oversight. However, the distinctive characteristics of future industries—such as their forward-looking orientation, strategic significance, disruptive potential, cross-sectoral integration, and high uncertainty—make traditional hierarchical, sectorspecific, and ex-ante approval-based governance models increasingly inadequate. Drawing upon the contemporary features of future industries, this study proposes a Context-driven agile governance framework tailored for future industrial development. The paper elaborates on the theoretical connotations, fundamental principles, institutional instruments, and actor transformations that underpin agile governance. It also outlines pathways for refining the agile governance architecture through four interconnected dimensions: regulatory sandboxes, multi-stakeholder co-governance, digital intelligence empowerment, and Context-driven mechanisms. This research offers theoretical foundations and policy insights to promote the high-quality development of China's future industries and secure global competitiveness.
This study investigates the long-term effects of the 156 Soviet-assisted industrial projects on urban industrial transformation in 1950s China. The research context centers on a pivotal historical experiment in state-led industrialization, wherein Soviet-assisted capital and technology transfers established eight major heavy industrial clusters across recipient cities. The research objectives aim to quantify the causal impact of this large-scale industrial policy on structural transformation from agriculture to manufacturing. Methodologically, the analysis employs a staggered difference-in-differences(DID) framework applied to handcollected historical data, measuring industrial transformation through the share of secondary industry in local economic structure. The findings reveal three main results. First, the 156 Projects significantly promoted urban industrial transformation, increasing the share of the secondary industry in treated cities by 12.9%. Second, the positive effects are more pronounced in cities that received manufacturing projects and in those with greater topographic relief. Third, further analysis shows that the 156 Projects also generated positive spillovers in terms of gross social output, local education, and industrial sector employment. The findings provide quantitative evidence for evaluating the historical legacy of Soviet industrial aid, offering policy implications for designing effective industrial policies to promote structural transformation in economically lagging regions.
The year 2026 ushers in both the inaugural year of the 15 th Five-Year Plan and the 30 th anniversary of the journal Economic Affairs. Over the past three decades, the journal has closely aligned itself with the pulse of reform and the evolution of socialist market economy theory with Chinese characteristics. This paper systematically reviews the theoretical trajectory and practical interactions, using articles published in Economic Affairs from 1996 to 2026 as the analytical sample, and examines four distinct historical stages. These stages are as follows:(1) Institutional Establishment(1992–2002)—focusing on “breaking new ground.” Although the journal began publishing in 1996, this stage highlights the broader transition toward a standardized socialist market economy, as research on state-owned enterprise reform, property rights systems, and market system development fortified the institutional foundations for orderly market operations.(2) Scientific Development(2003–2012)—shifting toward “balanced coordination.” Guided by the Scientific Outlook on Development, scholars conducted studies on scientific development theory, new rural construction, indigenous innovation, and green growth, advancing coordinated progress across economic, social, and environmental dimensions.(3) High-Quality Development(2013–2024)—emphasizing “upgrading.” Researchers closely aligned their work with supply-side structural reform, centering on high-quality development, the new development paradigm, and the digital economy, facilitating the transition from factor-driven to innovation-driven growth.(4) Modernization Construction(2025–present)—highlighting “common prosperity.” Rooted in the Chinese path to modernization, contemporary scholars examine common prosperity, carbon neutrality, the integration of the digital and real economies, and “investment in people,” thus engaging with the imperative to align high-quality development with shared prosperity. The findings show that the journal's publications not only chronicle the historical evolution of China's economic theory but also deliver timely, policy-relevant insights that meet the nation's developmental needs. In doing so, the journal exemplifies the think-tank function of a participating party and contributes distinctively to the construction of an independent knowledge system of Chinese economics.
This paper examines the multi-dimensional impacts of artificial intelligence(AI) on innovation in international trade. The research finds that AI is triggering a paradigm shift in the global trade system by reconfiguring traditional trade models and enabling practical innovations. It not only effectively reduces trade costs and enhances trade efficiency, but also promotes the digital transformation of service trade, enabling small and medium-sized enterprises to participate more easily in global competition. However, this transformation is accompanied by significant challenges, including data governance, the technology gap, and employment impacts, which urgently require coordinated responses from governments, international organizations, and enterprises. The paper ultimately presents corresponding policy recommendations and future prospects to inform the deep integration of AI and international trade.