2. Broad prospect in cultivating strategic newly emerging industry
The Twelfth-Five Development Outline for the Strategic Newly Emerging Industry of Guangdong Province has listed key strategic newly emerging industries that the province aims to cultivate and develop covering sectors like new electronic information, new energy automobile, LED, biology, high-end equipment manufacturing, energy conservation and environment protection, new energy and resource, new materials and so on. By 2015, the industrial output generated from provincial strategic newly emerging industry will exceed 2.5 trillion RMB, with the added value occupying around 10% of the total production output value. During the Twelfth-Five Year period, the collective input of the provincial finance will inject 22 billion RMB to support the development of the strategic newly emerging industry in various supporting forms like loan and subsidies, security interest, free subsidies, award instead of compensation, equity investment, debt investment and so on. Strengthening the combination of the fiscal capital with the finance capital can fully support the technology research, industrialization, platform construction, major projects, intellectual property rights, industry cluster, market cultivation and inter alia.