DOI: 10.36347/sjebm.2014.v01i06.007

Pages: 257-262

Abstract: From the perspective of economic development history for most countries, it is a common phenomenon that industrialization starts from extensive mode. Under the background of current new urbanization in China, economic transition faces more severe challenges from the population, resources, regional development and other aspects. How to rapidly shift from extensive mode to resource-saving mode is the urgent task of present economic works. Unfortunately, considering China’s actual situation, it is unlikely to be achieved in the short term. Based on the analysis of difficulties and obstacles in economic transition, this paper puts forward strategy options to accelerate economic transition and reasonable suggestions on institutional innovation.