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.