Special measures for emerging industries

09:32, March 12, 2010      

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Emerging industries are singled out for support at Suzhou Industrial Park (SIP).

The initial industrial group that has formed at SIP consists of some 1,000 technological small-and-medium-sized enterprises (SMEs), a group of foreign enterprises, and enterprises run by repatriating Chinese.

Despite this momentum, SIP's emerging industry is still at a fledging stage. SIP aims to form five emerging industry groups by the end of 2012: bio-medicine, nano-photoelectric information, software and animation, converged communication and environmental protection.

SIP plans to build one to two industrial centers for each of the five sectors, involving an investment of 10 billion yuan.

The total number of enterprises in the park will reach 1,100 and the output value of emerging industry companies is expected to reach 35 billion yuan annually by end of 2012.

Special attention will be given to developing certain industrial groups so that by the end of 2020 these are the most important in the park.

Those selected for particular focus are bio-medicine, converged communication, and two to three high-end industry groups.

It is hoped that in sectors of software and integrated circuit design, and cartoon games, SIP will become the leader in the domestic market.

SIP aims to be a birthplace of innovation, and the base for high-end technologies and emerging industries that are successful in China.

The total output value of the emerging industries in 2020 is expected to hit 200 billion yuan.

During its development, SIP will hold the "three-high and three-low" principle: high expertise, high growth, and high profits, combined with low occupation of resources, low reliance on materials, and low pollution.


Guidance and support

Coordination will be strengthened between the SIP's different administrative departments.

Local government departments will help emerging industries compile long term plans, so that resources can be efficiently used and industrial layout can be arranged well in advance.

Experts from home and abroad will be invited to join SIP to provide advice and guidance for emerging industries.

Favorable policies

SIP will make beneficial policies to encourage enterprises to innovate and grow, by offering tax rebates and special awards.

The government will purchase certain products made by companies in the park.

Bonuses and subsidies may also be provided to help SIP enterprises become more competitive in the market.

Fund-rasing efforts

The local government will raise funds for emerging industries' development.

The state government requires local government to improve financing channels for these companies, to encourage investment in the area, and create a better environment for them to grow bigger.

The government will encourage investment from a range of sources.

Source: China Daily
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