Accelerating the transformation of foreign economic development mode can neither continue to take the industrialization development path led by foreign capital nor return to the industrialization development path of passive import substitution in the past, but only take the economic development path of independent import substitution and export orientation coordination.

During the period of reform and opening up, China abandoned the road of passive import substitution and chose the road of export-oriented industrialization, thus ensuring the sustained and rapid economic development of China during the period of reform and opening up. It is worth pointing out that China's export-oriented industrialization development road and Japanese export-oriented industrialization development road were formed in different historical environments, and there are obvious differences.

Japan took advantage of the strategic needs of the United States to foster Japan in Asia during the Cold War, adopted a protectionist policy towards its own market, made unlimited use of American technology and market, and formed its own core technology and brand through technological innovation and brand innovation. In this way, Japan's export orientation is entirely based on its own enterprises, technologies, brands and global sales network.

Compared with Japanese independent export orientation, China's export orientation is dominated by foreign-funded enterprises and their core technologies, brands and global sales networks. Some local governments put forward the slogan of "not seeking everything, but seeking where" and "I will develop when you are rich" when attracting foreign investment, which most typically embodies the export-oriented characteristics led by foreign investment. Obviously, judging from the historical environment in which China is located, it can only choose the export orientation led by foreign capital, and there is no condition to choose the independent export orientation like Japan. Because in the early days of reform and opening up, China could not independently develop its own core technology and brand through technological innovation and brand innovation in a short time. Although the United States no longer openly opposes China, its policy of containing China has never changed, so it is impossible for China to make unlimited use of American technology and market.

Fundamentally speaking, only by accelerating the change of export orientation led by foreign capital can we accelerate the transformation of foreign economic development mode. Specifically:

First, accelerate the transformation of the mode of foreign economic development. We can't continue to take the road of industrialization development led by foreign capital and export orientation, and we can't return to the road of industrialization development of passive import substitution in the past. We can only take the road of economic development that is coordinated with independent import substitution and export orientation. China's high-speed rail industry is a typical successful case of this new economic development path. The "high-speed rail model" shows that the significant difference between independent import substitution and passive import substitution in China's history lies in making full use of international division of labor and cooperation on the basis of replacing foreign technologies and brands with its own core technologies and brands.

Second, the export-oriented development path led by foreign capital stems from large-scale foreign direct investment in China (as of March 20 10, the scale of foreign direct investment in China has exceeded 1 trillion US dollars). We can't deny the historical role of foreign direct investment, but we should be soberly aware that China's manufacturing industry still relies on foreign direct investment after more than 30 years of development, so that foreign direct investment will become the opium of China's manufacturing industry. In today's world, if a big country does not have its own powerful enterprise group, it will be difficult for it to stand among the nations of the world, let alone the rise of China. It is the key to accelerate the transformation of foreign economic development mode that the export-oriented development path led by foreign capital turns to the development path of independent import substitution and export-oriented coordination.

Thirdly, the successful experience of China's high-speed rail industry shows that the only way to improve the level of China's opening to the outside world and change the mode of economic development at home and abroad is to develop strategic emerging industries with "dual demand" (internal and external rigid demand). Many problems such as unfair initial distribution, ecological environment, dependence on foreign trade, dependence on foreign capital, and tension in international trade relations will also be solved.

Fourthly, because there is a process to develop "dual-demand" strategic emerging industries, and China must maintain rapid economic growth in this process, it cannot easily give up its existing international market share and attract foreign direct investment. This determines that China must face up to the trade war and currency war launched by the United States.