China sets growth target for new strategic industries by 2015

14:44, March 05, 2011      

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China aims to develop some new strategic industries in the coming five years to make the sector's value-added output account for eight percent of the country's GDP by 2015, according to a draft of the government's 12th Five-Year Plan.

The government will work to develop the new strategic industries to a pillar sector in China, according to the draft, which has been submitted to the annual session of the National People's Congress, China's top legislature for deliberation.

The industries include alternative energy, bio-technology, new-generation information technology, high-end equipment manufacturing, advanced materials, alternative-fuel cars, energy-saving and environmental protection, according to the document.

The State Council, China's Cabinet, said in October last year that the value-added output of these industries will increase to 15 percent of China's GDP by 2020.

Source: Xinhua
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