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'Important measures' to boost strategic emerging industries

By Gao Yuan (chinadaily.com.cn)
Updated: 2011-01-28 14:43

China is mulling a slew of important measures in 2011 to raise emerging industries of strategic importance, said Zhu Hongren, chief engineer of the Ministry of Industry and Information Technology, Shanghai Securities News reported Thursday.

The measures will guide and nurture the development of emerging industries of strategic importance, including clean energy, biotech, new materials and the next generation of information technology, said Zhu.

He did not elaborate on the measures.

Zhu added that China's industrial economy was on track for steady growth in 2010, and emerging industries of strategic importance were booming,

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Last year, the country's high-tech and new-technology industries reported a 16.6 percent year-on-year increase in terms of added value, Zhu said.

The added value of large-scale industrial enterprises also saw a 15.7 percent increase last year, the report said, adding that the figure was 4.7 percent higher than in 2009.

Meanwhile, the industrial economy's contribution to domestic demand is increasing. Its export delivery value was 13.1 percent last year, down from 18.6 percent in pre-crisis 2007, the newspaper cited Zhu as saying.

He also said that in 2010, the nation finished work to eliminate outmoded industrial production capacities throughout 18 industries, which include steel, concrete and carbon coke.

Zhu also praised the operating status of small and medium-sized enterprises. Their added value increased 17.5 percent in 2010, he said.