Recently China has released a plan for the development of its new strategic industries from now to the end of 2015, according to a latest statement released by the State Council. The plan indicates the goals for the strategic emerging industry in the future 5~10 years.

The seven industries will maintain an average growth rate of more than 20 percent during the 2011-2015 period, the plan said. The seven new strategic industries include energy conservation and environment protection, new information technology, biology, high-end equipment manufacturing, new materials, new energy and new-energy cars, according to the plan. The total value-added output of the industries will account for around 8 percent in China’s gross domestic product (GDP) by 2015, it said. The plan aims to boost the innovation capability of those industries, improve the environment for innovation and starting businesses and strengthen their positions in global labor division. The plan also aims at enhancing the role of the seven industries in serving the upgrading of industrial structure, energy saving and emission reduction, raising people’s living standards and adding jobs. The statement further noted that the value-added output of these industries would amount to 15 percent of the country’s GDP by 2020.

Investment in research and development of new strategic industries reached more than 5% of sales revenues. Enhancing transformation in major scientific and technological achievements, mastering a number of leading core technology and building a number of innovative platforms in international advanced level. Let a group of enterprises have their key technologies , their own brands and products with independent intellectual property rights. Become a globally important research and development base.