Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
High-tech Industry to Play Larger Role in Economy

High-tech industry is evolving into a major locomotive for China's economic growth with its share in the gross domestic product (GDP) expected to climb to 6 per cent in 2005 from 4 per cent last year, a senior State official said yesterday.

To give the booming business a larger role in the national economy, China is promoting a technological renovation drive in order to upgrade State-owned businesses.

Pressures are mounting on Chinese enterprises as the country's upcoming accession to the World Trade Organization, which will pit Chinese firms directly against foreign rivals, draws near.

Wang Chunzheng, vice-minister of the State Development Planning Commission, said yesterday that high-tech industry will be given a larger role in the national economy to build up China's economic strength in the world market.

Wang said technological renovations should be pushed to produce cutting-edge products with Chinese brand names, while a series of high-tech parks should be developed around the country to become the epicenter of high-tech growth.

The present high-tech sector has already become a major force over the last few years, seen most clearly in the State technological parks and the bulging foreign investment in micro-chips, software and the Internet.

The industry churned out products with a value of 1.91 trillion yuan (US$232 billion) in 2000, up from 1.31 trillion (US$159 billion) in 1999, representing an annual 20 per cent growth rate, statistics reported.

(China Daily 08/21/2001)

High-tech Sector Gets Boosted
1,300 Hi-tech Firms Set up in Shanghai by Overseas Students
Shenzhen Hi-tech Market: Premier Puts Plan on Hold
High-tech Products Dominate Beijing's Export
Beijing Welcomes More Labs From Multinationals
Policy Support Urged for Photoelectron Industry
High-tech Focus of Business Trip
High-tech Zones Boost China's Economy
High-tech Week a Rich Experience
China Striving to Become World's High-Tech Giant
Hi-Tech Will Boost Chinese Medicine Industry
High-tech Parks Draw Investors
Contracts Worth US$817 Million to Develop High-Tech Programs
China to Carry Out Five Forestry Projects
China Opens Transportation Sector
China Promotes Implementation of Law on Public Bidding
China Acts to Nurture Software Industry
China Speeds up Healthy Urbanization
Gasoline, Diesel Oil Prices Lowered
Public Encouraged to Participate in Pricing Process
Farmland-to-Forest Plan Improves Western Ecology
China Sets Targets for Urbanization
Goal for Unemployment Rate Outlined
China Set Restructuring Plan
New Regulations for Fair Public Bidding
Public Hearing Required for State Pricing
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68996214/15/16