Government and Policy

China sets growth goal for new strategic industries

Updated: 2010-10-18 19:52
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BEIJING - China announced Monday plans to develop new strategic industries, saying the value-added output of the new strategic industries would account for 8 percent of the country's gross domestic product (GDP) by 2015.

The industries include alternative energy, biotechnology, new-generation information technology, high-end equipment manufacturing, advanced materials, alternative-fuel cars and energy-saving and environmental protection, the State Council, or Cabinet, said in a statement on its website,

The statement said value-added output of these industries would amount to 15 percent of the country's GDP by 2020.