Policy

China likely to release 2016-2020 plan for emerging industries soon

BEIJING
2016-05-18 14:42

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China's top economic planner, the National Development and Reform Commission (NDRC) is expected to submit the national development plan for the strategic emerging industries in the 13th Five-Year Plan period (2016-2020) to the State Council for approval before the end of June, the Shanghai Securities News reported on Wednesday.

It means that the authorities will release the development plan soon, said the report. As a matter of fact, the outline of the country's 13th Five-Year Plan approved in March has mentioned a lot about the emerging industries.

Under the outline, China will support development and growth of the new generation information technology, new energy vehicle, biotechnology, green low-carbon, high-end equipment and materials and digital creation, and vigorously advance innovation and industrial production of the emerging and forefront fields including semiconductor, robot, intelligent system, new generation aeronautic equipment, space technology comprehensive service system, intelligent transportation, precision medical treatment, high-performance and distributed energy sources system, smart materials, virtual reality and interactive films and televisions, so as to form a batch of growth points.

Meanwhile, the country aims to bring proportion of the strategic emerging industry added-value to its gross domestic product (GDP) to 15 percent.

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