Could China adopt the "Japanese model"?

We use the term "Japanese model" for the following organisation: Manufacturing industry is large, innovative and very efficient; it generates significant incomes and ensures the external equilibrium; Part of the surpluses from industry subsidises a rather inefficient service sector with low productivity; this makes it possible to ensure full employment and to the meet the population’s growing demand for services. One of the ways the efficient industry subsidises services is that prices of services are high, which increases costs and wages of industry. The economy is rapidly skewing towards services in China as well. But if industry remains a low-end industry, the result will be a loss of income (due to the low productivity of services) and an external deficit. China, like Japan, sho uld therefore develop a sophisticated large-scale industry .