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Research on the Coordinated Development of Jiangsu Manufacturing and Service Industries |
Liu Xingyuan |
Jiangsu Provincial Bureau of Statistics, Nanjing 210013, China |
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Abstract The coordinated development of manufacturing and service industries affects the sustainable and stable economic growth as well as economic transformation and upgrading. The current interactive development of manufacturing and service industries in Jiangsu has a positive effect on economic growth, but has not formed a pattern of intensive coordination and endogenous growth. Both industries have significant weaknesses in stimulating economic growth, the services of manufacturing industry and enhancing the efficiency of service industries. To realize its goal of becoming an economic power, Jiangsu must neglect neither the manufacturing industry nor the service industry; instead, it needs to further integrate and coordinate the two industries. For this, some policy suggestions are advanced.
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