China's Policy Dynamic Adjustment Mechanism Based on Evolution Characteristics of Strategic Emerging Industries [*]

Abstract

The typical periodic evolution is the characteristics of strategic emerging industries (SEI), and the development of SEI opens the "window of opportunity" for the establishment of the industry leaders and the late-development countries to realize economic catch-up. However, the characteristics of externality and technology, market and organization of uncertainty weaken the strategic function of SEI, and the development of SEI needs cultivation of industrial policy. Nowadays there are some "fragmentation" and "sticky" phenomenon of the current policy problems in the promotion of China's SEI. Therefore, it has great practical significance to establish dynamic policy chain conforming to industry development path and covering different stages of development of emerging industry in order to effectively grasp the "window of opportunity" of SEI.