In the first three quarters of 2013, China's industrial economy grew steady, profitability of enterprises was greatly improved, but the manufacturing investment grew slowly, which reflects that investors' confidence has not been restored. At present, great changes are taking place to the internal and external conditions of industrial growth: changes in factor conditions promote the conversion of comparative advantage; industrialization of China enters a new stage of development; structural imbalance becomes the key obstacle to the sustainable development of industrial economy; developments of the world manufacturing industries show some new trends. Under this circumstance, industrial growth path will also be changed from the expansion growth to allocation optimization growth and quality enhancement growth. Therefore, the government should lower the expectation for industrial economic growth, adjust the industrial policy, accelerate institutional reform, actively promote the three-dimensional industrialization, and vigorously develop the county economy. <<