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Four Factors Key to Hi-tech Industry
China must properly deal with four key areas in its efforts to develop its hi-tech industry, according to a senior official in Beijing.
These areas include structural reforms of scientific institutions, government guidance, technological invention and the upgrading of traditional industries with high-tech equipment.
With China's imminent entry into the WTO, "it becomes all the more urgent and necessary to find a way of speeding up the development of our hi-tech industry," Ma Songde, vice-minister of science and technology, said in an article in the latest issue of the "Outlook".
Despite of the rapid growth of China's hi-tech industry in recent years, a number of problems still hinder the development of the industry.
Ma cited several of the problems such as low efficiency of hi-tech enterprises and high dependence on foreign technologies.
It is necessary for the government to work out measures that will speed up institutional reforms, said Ma.
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