Industry still the foundation for development

Editor's note: China's economy is witnessing the emergence of new drivers. Zheng Yongnian, dean of the School of Public Policy at The Chinese University of Hong Kong, Shenzhen, spoke to Economic Daily about why it shouldn't abandon low-end industries. Below are excerpts of the interview. The views don't necessarily represent those of China Daily.

Currently, a new wave of technological revolution and industrial transformation is making breakthroughs at a greater speed. New growth drivers are emerging for the Chinese economy, which shows no sign of peaking.

China strives to harmonize economic and social progress and balance the roles of the government and the market. This approach highlights both efficiency and equity, and integrates vitality with order. The country continues to deepen reforms in key fields to improve the socialist market economy system, and adheres to the approach of combining an efficient market with a capable government.