Li encourages new industries

Vice-Premier Li Keqiang said on Monday that China should carry out reform to push forward economic structural adjustment, make use of scientific and technological innovation and develop new industries, in a bid to promote the stable and fast economic development in the long term.

Li was speaking during a visit to the Institute of Semiconductors under the Chinese Academy of Sciences in Beijing, where he observed the research centers of semiconductor lighting and semiconductor integration technology.

Li said countries across the globe have attached importance to the new generation of industries including information technology and new material, and the technology and industry in the world are breeding a new phase of revolutionary breakthrough. He stressed that China should accelerate the development of new industries and formulate new growth points, so it will not lag behind in the great technological change in the world.

After hearing that China's new semiconductor products may help save 100 billion kilowatt-hours of power annually by 2015, Li said that energy resources and the environment are among the largest bottlenecks of China's development, and saving energy and improving efficiency are the key to solving the difficulties. China has huge potential in the green development market, which could provide vast space for the development of related industries, he said.

Li also said the institutional innovation is indispensable for the innovation in science and technology.

The vice-premier said that enterprises are the main entities for innovation, and research institutes and businesses should work closely together to advance the application of new technology.