Specials> GD 12th Five Year Plan> News
10 Billion RMB to Fund Rising Industries
2011-June-2 Source: Newsgd.com
Text Size: A A A | Print | Share by E-mail:

Guangdong will spend 10 billion RMB to develop rising ind-ustry projects and giant enterprises during the provincial 12th Five-Year plan.

It will be one of the moves to accelerate the provincial economic transformation growth mode, said Li Xiangming, Deputy Director of the Economic and Information Commission of Guangdong Province.

The specific use of the grant is still in the making, said Wang Yueqin, Director of Innovation Division of Economic and Information Commission of Guangdong Province.

But she revealed that 100 rising industry projects and 100 key enterprises of rising industries will be cultivated in the initial plan.

Eleven industries were listed as key rising industries in Guangdong including high-end electronics and information, LED lighting, electric autos, photovoltaic solar energy, wind energy, biopharmacetical products, new materials, energy saving products and environmental protection, aerospace and the marine industry.

An 800 billion RMB industrial scale will be formed in 2012 to facilitate breakthroughs in the area of the next generation network, software and integrated circuits design.

A comprehensive production capacity of 200,000 electric vehicles will be achieved in 2012 in the area of batteries, electric motors and electronic control.

In LED lighting, major grants will focus on LED chips, packing and new gen-eration energysaving products.

According to Guangdong government, new electronic information, LED illumination and electric automobile industries will be developed to form 100 billion RMB industrial scale each by 2012.

"These three rising industries to be first developed in Guangdong province is based on Guangdong's industrial structure," said Cheng Jiansan, Deputy Director of Macroeconomic Research Institute of Guangdong Provincial Academy of Social Sciences, during his interview with 21st Century Business Herald.

The high-end electronics and information industry, famous for giant enterprises like Huawei and Zhongxing, is the leading industry in Guangdong, while provincial LED packing production accounts for 70 percent of the national volume and 50 percent of the world, Cheng added. Guangdong's electric auto technology also has a leading edge in China. (by Zhang Ying)

Editor: Olivia
Related News
This site contains material from other media for content enrichment purpose only. The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement. The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content. For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
Info for Non-Residents