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<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:ali="http://www.niso.org/schemas/ali/1.0/" article-type="research-article" dtd-version="1.2" xml:lang="en"><front><journal-meta><journal-id journal-id-type="publisher-id">INNOVATIVE ECONOMY</journal-id><journal-title-group><journal-title xml:lang="en">INNOVATIVE ECONOMY</journal-title><trans-title-group xml:lang="ru"><trans-title>Инновационная экономика</trans-title></trans-title-group></journal-title-group><issn publication-format="electronic">2413-5607</issn></journal-meta><article-meta><article-id pub-id-type="publisher-id">49735</article-id><article-categories><subj-group subj-group-type="toc-heading" xml:lang="en"><subject>Articles</subject></subj-group><subj-group subj-group-type="toc-heading" xml:lang="ru"><subject>Статьи</subject></subj-group><subj-group subj-group-type="article-type"><subject>Research Article</subject></subj-group></article-categories><title-group><article-title xml:lang="en">PROSPECTS OF THE THIRD INDUSTRIAL REVOLUTION IN THE PEOPLE'S REPUBLIC OF CHINA</article-title><trans-title-group xml:lang="ru"><trans-title>ПЕРСПЕКТИВЫ ТРЕТЬЕЙ ПРОМЫШЛЕННОЙ РЕВОЛЮЦИИ В КНР</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author"><name-alternatives><name xml:lang="en"><surname>Chichilimov</surname><given-names>Sergey Valeryevich</given-names></name><name xml:lang="ru"><surname>Чичилимов</surname><given-names>Сергей Валерьевич</given-names></name></name-alternatives><bio xml:lang="en"><p>Student of the Department of World Economy, Ural State University of Economics</p></bio><bio xml:lang="ru"><p>Студент кафедры мировой экономики, Уральский государственный экономический университет</p></bio><email>sergeichichilimov@gmail.com</email><xref ref-type="aff" rid="aff1"/></contrib></contrib-group><aff-alternatives id="aff1"><aff><institution xml:lang="en">The Ural State University of Economics</institution></aff><aff><institution xml:lang="ru">Уральский государственный экономический университет</institution></aff></aff-alternatives><pub-date date-type="pub" iso-8601-date="2026-04-13" publication-format="electronic"><day>13</day><month>04</month><year>2026</year></pub-date><volume>3</volume><issue>4</issue><issue-title xml:lang="ru"/><history><date date-type="received" iso-8601-date="2026-04-13"><day>13</day><month>04</month><year>2026</year></date><date date-type="accepted" iso-8601-date="2026-04-13"><day>13</day><month>04</month><year>2026</year></date></history><permissions><copyright-statement xml:lang="en">Copyright ©; 2026, INNOVATIVE ECONOMY</copyright-statement><copyright-statement xml:lang="ru">Copyright ©; 2026, Инновационная экономика</copyright-statement><copyright-year>2026</copyright-year><copyright-holder xml:lang="en">INNOVATIVE ECONOMY</copyright-holder><copyright-holder xml:lang="ru">Инновационная экономика</copyright-holder><ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/></permissions><self-uri xlink:href="https://journals.rudn.ru/in-econ/article/view/49735">https://journals.rudn.ru/in-econ/article/view/49735</self-uri><abstract xml:lang="en"><p><italic>In article the author considers a problem of the deadlock of the catching-up growth of People's Republic of China. By means of the analysis of history of formation of modern economy of China, Deng Xiaoping's reforms of the 1980th and their results, the author revealed the main problems of modern Chinese economic system and basic reasons of recession. In work the author proves danger of an economic situation in China, both for the Asian region, and for world economy in general, and also states the idea about need and timeliness of new industrial revolution in the People's Republic of China for overcoming developed a crisis situation.</italic></p></abstract><trans-abstract xml:lang="ru"><p><italic>В статье автор рассматривает проблему тупика догоняющего роста Китайской Народной Республики. С помощью анализа истории становления современной экономики Китая, реформ Дэна Сяопина 1980-х гг. и их итогов, автором были выявлены главные проблемы современной китайской хозяйственной системы и основные причины рецессии. 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