1.
It refers to the way or system of which each industry has competition so as to promote efficiency and improve products' quality.
2.
An internal system that can improve and restrict commercial economy through competition between a manufacturer and a merchant. It can develop production techniques, improve product quality, add types of color and improve governance and management. It can optimize allocation of resources and adjust industry structure and product structure.
Technological transformation; develop and improve each department of national economy with new technologies, equipments, and mechanical facilities; promote production efficiency, reduce consumption and improve quality of products by using new technology. It is also called "技改" in short.
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