Fourth Industrial Revolution

Changes and Challenges to the Economy Development of China

Abstract

This paper looks at the main characteristics of the secondary and tertiary industry of China in the Fourth Industrial Revolution, aims to present the different strategies taken to cope with changes and challenges, tries to summarize the results including its influences to the international business development. We found that China's secondary industry, however large in size, is faced with feeble quality in development, trying to make a manufacturing power by Sino-German cooperation. And service sectors of the tertiary industry in China are plagued by the weaker “productive service sectors”, trying to optimize the structure of service industry by network-platform-based business ecosystem. In addition, we also found some emerging Chinese enterprises enter foreign markets in “Compressed” progressive way, or leap with “Zero or poor experience” way. These challenges and coping strategies are significantly facilitating China's economic boom, while brings about a strong influence on international standardized synergy and also requires a further research on networkplatform-based business ecosystem on the ways of global expansion of Chinese enterprises.