CHINA TO SPOTLIGHT EMERGING INDUSTRIES NEXT YEAR

AsiaInfo Services
12-30-2009
China to Spotlight Emerging Industries Next Year

BEIJING, Dec 30, 2009 (SinoCast Daily Business Beat via COMTEX) -- China's central taxation, economic planning, insurance, securities, banking, and industry departments lately decided to support the local emerging industries in 2010, citing a report.

Upon the State Council, seven emerging industries have been regarded as the country's new economic engines, including new energy, energy saving and environmental protection, electric cars, new materials, new medicines, biological breeding, and information technology.

The Chinese government is set to make preferential taxation polices to boost the above sectors; more kinds of financial and credit products are expected to be developed for the same purpose; the Ministry of Industry and Information Technology (MIIT) may list some of the industries into the country's 12th five-year plan and guide state-owned capital into them.

In particular, the MIIT has almost decided to cultivate the sectors of information networks, high-tech manufacturing, producer services, and Internet of things, besides new energy, new materials, and biopharmaceuticals.

Analysts believed that listed companies engaged in the emerging industries would become attractive to investors next year.

Source: www.cnstock.com (December 30, 2009)

KEYWORD: BEIJING INDUSTRY KEYWORD: Macro & Breaking Economic News SUBJECT CODE: Breaking Economic News
Macroeconomic Trend
SinoCast China Business Daily news
emerging industry
energy
environmental protection
electric car
new material
medicine
biological breeding
information technology
taxation
financial product

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