China Designates Major Industries for High-Tech Development

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Last updated at: (Beijing Time) Wednesday, December 12, 2001

China Designates Major Industries for High-Tech Development

The State Development Planning Commission (SDPC) and the Ministry of Science and Technology on Tuesday jointly announced 141 fields which will be given priority for development.

China's high-technology development will focus on a number of major industries in the next few years, according to official sources.

The State Development Planning Commission (SDPC) and the Ministry of Science and Technology on Tuesday jointly announced 141 fields which will be given priority for development.

These fields cover the following industries -- information, biology, pharmaceuticals, new materials, advanced manufacturing, energy, environmental protection, comprehensive use of resources, aviationand spaceflight, modern agriculture and modern transportation.

SDPC statistics show that since 1999, when China first published its list of high-tech sectors for preferential development, it has invested over 60 billion yuan in 14 significant high-tech industrialization items, involving over 600 demonstration projects.

During the 10th Five-Year Plan period (2001-2005), China will continue to implement 20 high-tech industrialization items, in a bid to direct investment of social resources and promote structural adjustment of the national economy.

The SDPC predicts that by 2005 the growth volume of high-tech industries will account for around six percent of China's gross domestic product, and the export volume of high-tech products willaccount for 25 percent of that of all industrial products.

Renovation

During the five years, China will also launch a series of hi-tech reconstruction of 18 traditional industries, including metallurgy, machinery, oil and petrochemical, power, coal, light and textile industries and suchlike, disclosed Xie Xuren, vice director of the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) at a news conference in Beijing on November 15.

During the said period, Xie said, China will speed up and make a breakthrough the industrialization by greatly developing sci-tech technologies on electronic information, biology, new materials, new energy resources and manufacturing.

Meanwhile, China will enhance the levels of production, management and control by using electronic information technology, develop the manufacturing industry by resorting to advanced technologies, and renew key and relevant technologies of key industries.

Hi-Tech Industry Most Vigorous, a Strategic Task for China: Officials

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