The book analyzes external influences on China's current industrial restructuring, particularly exchange rate variation, under the development of open economy and globalization. It concludes that the key driving force for China's industrial restructuring is the development of its external sectors, such as the exchange rate mechanism and new strategies in the financial economy's capital market. This book also suggests that in order to keep improving the industrial structure, China should actively adjust the exchange rate of the Renminbi to achieve dynamic comparative advantages.