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| The Large-Scale Development of China’s Emerging Industries: Endogenous Drivers and Institutional Optimization |
| ZENG Xian-ju1,2, SHI Qing3 |
1. College of Management, Shenzhen University, Shenzhen, Guangdong, 518060;
2. Guangdong Provincial Research Center for XI Jin-ping Thought on Socialism with Chinese Characteristics for A New Era, Guangzhou, Guangdong,510635;
3. Institute of Area and International Communication Studies, Shenzhen University, Shenzhen, Guangdong, 518060 |
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Abstract The large-scale development of emerging industries refers to the process through which emerging industries achieve high-end sophistication, industrial clustering, systematic development and global expansion on the basis of independent innovation, integrated collaborative innovation, technological iteration, ecological coordination and institutional adaptation. Promoting the large-scale development of emerging industries is an indispensable path for China to seize the commanding heights of global industrial competition and achieve high-quality development. However, in the face of institutional bottlenecks including factor market segmentation, fragmentation of science and technology policies, etc, the core solution is to foster and activate the endogenous driving force for the large-scale development of emerging industries.First, the qualitative upgrading of production factors, transformation of innovation models, and in-depth coordination between supply and demand must serve as the fundamental support, core engine, and market guarantee for the large-scale development of emerging industries respectively. Second, reshape the “government-market-society” coordination mechanism: optimize the factor allocation system guided by “getting prices right”, the scientific and technological innovation system oriented at comprehensive innovation, and the social governance system focusing on the development of people. Third, optimize the supply of high-quality institutions: ensure smooth circulation of production factors, from factor formation and market allocation to entity combination, activate the innovation cycle, from basic research and technological breakthroughs to industrial upgrading, and promote the social cycle, from human capital accumulation and consumption reproduction to social equity. In short, to address the institutional barriers to the large-scale development of emerging industries, the fundamental path lies in breaking the path dependence on the traditional factor-driven development model, activating endogenous driving force through systematic institutional innovation, and establishing a collaborative governance system adapted to the high-quality development of emerging industries.
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Received: 28 December 2025
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2026, Vol. 43 
