Research on the Mechanism and Development Trend of China's

Abstract

Industrial transfer, as a significant economic phenomenon occurring during the process of globalization, has had a profound and far-reaching impact on China's economy since the beginning of the reform and opening-up. In recent years, the substantial relocation of industries from China has caused some concerns about economic downturn. This paper explores the influencing mechanisms of industrial transfer and the development trends of China's industrial transfer. Based on the two major factors affecting the industrial transfer process—real costs for enterprises and local administrative elements—the paper proposes suggestions for how the government and enterprises can maximize economic benefits through the cross-space flow of economic factors facilitated by industrial transfer. Ultimately, industrial transfer optimizes the regional development layout, accelerates the updating and iteration of industrial technology, and achieves high-quality economic development.