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Balancing economic growth, resource conservation, and atmospheric environmental protection has topped the agenda of academics and policy makers. The article takes the panel data of 37 Chinese industrial sectors from 2003 to 2016 as the research object to explore the impact of atmospheric environmental regulation on industrial total factor productivity and the possible path of capital intensity. Furthermore, to analyze the possible industry heterogeneity of the above results, the article classifies the industrial sectors into heavy pollu