Study on the Transformation of China's Economic Growth Mode and Growth Sustainability

In the face of changes in the global economic environment and new challenges at home and abroad, the transformation of China's economic growth (EG) model is particularly critical. By combing and analyzing China's economic development model over the past decades in detail, and combining quantitative and qualitative research methods, this study aims to explore the internal and external challenges and opportunities facing the economy in the process of shifting from an investment- and export-driven to an innovation- and consumption-driven economy. This paper specifically employs historical data analysis, case studies and policy assessment models to analyze economic policies and market responses at different growth stages, with a view to finding effective paths to sustainable development. At the same time, by comparing the transition experience of international advanced economies, this paper puts forward specific suggestions and strategies for China's economic transition. The growth rate of industrial output is also rising, from 7.2% in 2018 to an estimated 9.5% in 2027, which indicates that China's industrial output has maintained good growth momentum amidst energy conservation and emission reduction. The value of this study is not only to provide policymakers with scientific decision-making support to help better understand and grasp the key factors in economic transformation, but also to provide academics with in-depth case studies on economic transformation in large developing countries, enriching relevant theoretical and practical research.