A Comparative Study of China and US's Future Industry Development Strategy and Typical Future Industry Innovation Capability

Abstract

Future industry is an emerging industry which is driven by cutting-edge scientific and technological innovation, aims at meeting the needs of escalating economic and social development, has great development potential and can provide important support for future economic and social development. The developed countries and emerging economies have made forward-looking layout in the future industrial fields in order to maintain new advantages in future competition. This paper uses comparative case analysis to study the China and US's future industrial development strategy and typical future industrial innovation ability. The findings are as follows: (1) AI, quantum, robotics, biotechnology and advanced materials are the key future industries of China and US; (2) Both China and US provide guidance and support for future industrial development by issuing a series of policy documents for future technologies and industries, and focus on key sub-sectors of future technologies and industries, issue special action plans, development plans and support policies, and actively explore new R&D and production organization models to support future industrial development; (3) The US has stronger innovation capability in future industries such as quantum, which is mainly due to the better whole chain R&D and industrialization system and industrial innovation ecosystem.