Skip to main Content

China adopts new plan, highlights emerging industries as drivers of economic growth

Date
14 June 2012
China adopts new plan, highlights emerging industries as drivers of economic growth

BEIJING: Premier Wen Jiabao chaired a Chinese State Council executive meeting last week, where the blueprint for the development of strategic emerging industries was adopted, highlighting the sectors as drivers of economic growth.

During the meeting, participants noted that the development of strategic emerging industries (SEIs) during the country's 12th Five Year Plan is key for China to maintain a sustainable and stable economy. 

Zhang Xiaoqiang, Deputy Director, National Development and Reform Commission, stated: "The strategic emerging industries will become much stronger in propelling the country's industrial upgrading [...] and in expanding employment opportunities."  

According to '12th Five-Year Plan on National Emerging Industries of Strategic Importance', China will increase the share of SEI's total added-value in its GDP to 8% by 2015, and 15% by 2020. This is a rise from 3% in 2010.

The Plan identifies major projects to be undertaken to develop the following seven SEIs:

BEIJING: Premier Wen Jiabao chaired a Chinese State Council executive meeting last week, where the blueprint for the development of strategic emerging industries was adopted, highlighting the sectors as drivers of economic growth.

During the meeting, participants noted that the development of strategic emerging industries (SEIs) during the country's 12th Five Year Plan is key for China to maintain a sustainable and stable economy. 

Zhang Xiaoqiang, Deputy Director, National Development and Reform Commission, stated: "The strategic emerging industries will become much stronger in propelling the country's industrial upgrading [...] and in expanding employment opportunities."  

According to '12th Five-Year Plan on National Emerging Industries of Strategic Importance', China will increase the share of SEI's total added-value in its GDP to 8% by 2015, and 15% by 2020. This is a rise from 3% in 2010.

The Plan identifies major projects to be undertaken to develop the following seven SEIs:

  • Energy-saving/environmental protection. Develop energy-efficiency, pollution prevention, recycling and other key core technologies. This includes the development of new energy efficient equipment and the implementation of clean production and low carbon technologies.
  • Innovative information technology. Accelerate the construction of next-generation information networks, ultra-high-speed fiber-optic and wireless communications, advanced semiconductors and new displays, to enhance China’s international competitiveness. 
  • Biotechnology. Focus on health, agricultural development, resource and environmental protection needs.
  • High-end manufacturing. Up-scale the green development of modern equipment for the aviation, satellite, rail and marine engineering industries.
  • New energy. Develop technologies including nuclear, wind power, solar photovoltaic, solar thermal, biomass power and biogas, as well as actively promote the renewable energy technology industry.
  • New materials. Create new functional materials, advanced structural materials and composites, to carry out common basic research and establish an identification system, guide materials and industrial restructuring.
  • Alternative energy automotive. Speed up the core technology for high-performance power batteries, motors and other key components and materials, as well as research and development to help promote the use of low carbon vehicles.

Participants at the meeting stressed that to promote the development of the SEIs, market allocation of resources, a focus on the policy environment, and enthusiasm from the markets’ main players is needed.

It was also emphasized that China’s capacity for independent development and international exchanges and cooperation must be strengthened.

Changhua Wu, Greater China Director, The Climate Group, commented: “The newly released Plan on the development of the seven SEIs restates the Chinese Government’s commitment to restructure its industries and lead green industrialization. Such certainty of policy direction and support will inspire both technology innovation and active participation from the business community. It is also expected to encourage other major economies to race to the top in the new wave of green industrialization, which in turn will drive a real global Clean Revolution.”

More: China publishes Rio+20 Sustainable Development Plan

  • Energy-saving/environmental protection. Develop energy-efficiency, pollution prevention, recycling and other key core technologies. This includes the development of new energy efficient equipment and the implementation of clean production and low carbon technologies.
  • Innovative information technology. Accelerate the construction of next-generation information networks, ultra-high-speed fiber-optic and wireless communications, advanced semiconductors and new displays, to enhance China’s international competitiveness. 
  • Biotechnology. Focus on health, agricultural development, resource and environmental protection needs.
  • High-end manufacturing. Up-scale the green development of modern equipment for the aviation, satellite, rail and marine engineering industries.
  • New energy. Develop technologies including nuclear, wind power, solar photovoltaic, solar thermal, biomass power and biogas, as well as actively promote the renewable energy technology industry.
  • New materials. Create new functional materials, advanced structural materials and composites, to carry out common basic research and establish an identification system, guide materials and industrial restructuring.
  • Alternative energy automotive. Speed up the core technology for high-performance power batteries, motors and other key components and materials, as well as research and development to help promote the use of low carbon vehicles.

Participants at the meeting stressed that to promote the development of the SEIs, market allocation of resources, a focus on the policy environment, and enthusiasm from the markets’ main players is needed.

It was also emphasized that China’s capacity for independent development and international exchanges and cooperation must be strengthened.

Changhua Wu, Greater China Director, The Climate Group, commented: “The newly released Plan on the development of the seven SEIs restates the Chinese Government’s commitment to restructure its industries and lead green industrialization. Such certainty of policy direction and support will inspire both technology innovation and active participation from the business community. It is also expected to encourage other major economies to race to the top in the new wave of green industrialization, which in turn will drive a real global Clean Revolution.”

More: China publishes Rio+20 Sustainable Development Plan

Sector

Region

  • Contact Us
  • Latest from Twitter