Forum of Special Topics
WAN Jun, ZHANG Jinjuan, LIU Shaoqing
This paper explores the connotations, current status, and challenges of inclusive industrial development. In particular, it analyzes the progress and bottlenecks in China's industrial sector in terms of promoting social equity, equal employment opportunities, regional coordinated development, and support for the growth of small and medium-sized enterprises (SMEs), and searches for solutions to promote inclusive industrial development, foster social equity, improve the quality of employment, and advance the growth of SMEs. Taking into account the actual situation of China's industrial development, this paper analyze inclusive industrial development in four key areas:industrial employment, wage and compensation, the level of inter-regional industrial development, and the development of private SMEs. The specific methodology is the combination of qualitative and quantitative analyses. From a qualitative perspective, this study explains the significance and value of inclusive industrial development through theoretical connotations. By further integrating relevant data and conducting quantitative analysis, it analyzes the current status and challenges of inclusive industrial development in China and discusses in depth the achievements and problems of employment, wages, regional development, and the growth of private SMEs. Overall, inclusive industrial development has achieved certain results in promoting employment and supporting the development of private SMEs. Specifically, there has been a significant improvement in generating employment opportunities and expanding the developing space of these SMEs. However, inclusive industrial development still faces many challenges in terms of wage and compensation and inter-regional industrial development gaps. In terms of wage levels, despite the improvement in overall industrial income, imbalances in the distribution of income still exist, with wage growth lagging for low-income groups in particular. In terms of inter-regional industrial development, the gaps between the eastern and the western regions, and between cities and villages remain large, resulting in the fruits of economic development not effectively benefiting all people. Further analysis reveals that the deep-rooted difficulties and challenges facing inclusive industrial development are primarily reflected in three areas: the uneven regional industrial development, the difficulty in transforming the industrial structure, and the insufficient innovation capacity of private SMEs. In particular, some traditional industries still rely on low-cost, low-technology production methods, leading to a slow process of industrial upgrading and making it difficult to meet the demand for high-quality development in the New Era. At the same time, private SMEs have made relatively insufficient investments in technological innovation and management upgrading, and their innovation capacity and market competitiveness are weak, which also limits their overall performance in the industrial system. In order to further promote inclusive industrial development, this paper puts forward a series of policy recommendations. Firstly, resource allocation should be optimized to promote high-quality and full employment, and the rational flow and allocation of various types of labor resources should be promoted through a combination of policy guidance and market mechanisms. Secondly, to strengthen regional coordinated development, especially by improving new mechanisms for regional development to promote industrial development in the western regions and small and medium-sized cities, and to narrow the regional gap. Lastly, to enhance technological innovation capacity, support private SMEs increase their investment in research and development and scientific and technological innovation, and promote the transformation and upgrading of the industrial structure to achieve inclusive industrial development.