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On the adjustment models of the declining industry

LU Guo-qing (School of International Business,Nanjing University,Nanjing 210093,China)  
The declining industry is the core of the economic structural adjustment.According to the types of the declining industries,the paper puts forward four new models as follows:structural upgrading,resources restructuring,industrial innovating,and local adjusting.The fundamental routes of the structural upgrading are performances through process change,knowledge creation,and marketing on line.Resources restructuring can be accomplished by reallocating resources again among industries and firms.Industrial innovating is combining IT and life science technology into the declining industry to develop new products or industries.Local adjusting requires geographically concentration of the industries in order to vitalalize the declining industry.
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