This book examines the manufacturing sector's critical role in national development and how industrial development choices influence sustainable economic growth.

Through a detailed analysis of industrial transformation, it addresses a crucial question: What industrial development model should major emerging economies, such as China, adopt in response to rapid technological change and in pursuit of modernization? Integrating economic theory, field research and historical economic evidence, the book puts forward a Chinese approach to industrial transformation based on real-world issues, with the aim of advancing a universal theoretical system applicable to emerging economies.

The book will be an invaluable resource for researchers, students, policymakers, and economists interested in industrial economics, development studies, and China's economic transformation.