China will focus on creating a market environment conducive to the development of strategic emerging industries

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The National Development and Reform Commission recently stated that it will focus on creating a market environment conducive to the development of strategic emerging industries, guide and give play to the enthusiasm of market entities, conscientiously monitor and analyze the development situation of strategic emerging industries, and promptly discover the propensity for development in industrial development. Sex problems, strengthen information guidance, propose countermeasures, and promote the healthy development of strategic emerging industries.

Since the "Decision on Accelerating the Cultivation and Development of Strategic Emerging Industries" issued by the State Council in 2010, relevant departments and all sectors of the society have responded positively and adopted a series of policies and measures to promote the development of China's strategic emerging industries to a good start. The key industries such as information technology, biomedicine, new energy, and high-end equipment and their new businesses have accelerated their growth, and strategic emerging industries have shown a trend of agglomeration and development in various regions.

According to reports, there are six major policy measures for strategic emerging industries that have been introduced, including strengthening macro-guidance, increasing factor support, accelerating institutional reforms, strengthening scientific and technological innovation, actively nurturing markets, and developing international cooperation.

With regard to strengthening macro-guidance, relevant departments organized the development of seven industries for strategic emerging industries such as the “Twelfth Five-year Plan” and energy conservation and environmental protection, new generation information technology, and new energy, as well as the Internet of things, integrated circuits, aviation, and aerospace. A series of special plans for subdivided areas formed a complete system of planning and defined development goals and key tasks. The country has successively introduced a series of industrial policies such as the new software industry and integrated circuit industrial policy, high-tech service industry guidance, and innovation and development strategy of ocean engineering equipment industry to guide the development of emerging industries.

In increasing factor support, the central government set up a special fund for strategic emerging industry development in 2011. According to preliminary statistics, as of the end of 2011, a total of 24 provinces and cities nationwide set up special funds for strategic emerging industries. The new approval for the establishment of 41 venture capital funds has been approved, attracting more than 7 billion yuan in social capital. The Bank issued a series of policies such as "Opinions on Promoting Standardized Development of Financing Guarantee Industry" and "Guidelines on Intellectual Property Pledge Loan Business of Banking Financial Institutions".

In speeding up the reform of the system, the first batch of 12 regions (cities) were organized to launch trials for triple play, and the second batch of trials for triple play was started. A renewable energy price additional subsidy and quota trading plan have been formulated, and solar photovoltaic power generation benchmark electricity price and natural gas price reform plans have been formulated.

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