Related News

Home » Business » Economy

City plan boosts high-tech

SHANGHAI has drafted a four-year plan to develop high-tech industries such as clean energy, information technology manufacturing and new materials to upgrade the city's industrial structure and enhance its global competitiveness, city government officials said yesterday.

The value of the city's high-tech industry output is expected to hit 1.1 trillion yuan (US$161.76 billion) in 2012, a jump of 70 percent from last year, according to the plan.

The city government will establish a fund of 10 billion yuan to back the development of high-tech industries as well as offer other forms of support, such as favorable financial policies.

"It's a historical chance for us to upgrade the industrial structure to high-tech industries from labor-intensive industries," Shanghai Party Secretary Yu Zhengsheng said during a conference yesterday. "Shanghai must develop high-tech as an international metropolis."

Other top officials, including Mayor Han Zheng and Vice Mayor Ai Baojun, attended the conference.

Over several years, Shanghai will develop nine sectors - new energy, civil aviation manufacturing, advanced equipment making, biological medicine, IT manufacturing, clean-energy automotive, ocean engineering equipment, new materials and software and IT services.

China's IT exports, which depended on traditional low-tech manufacturing, dropped about 30 percent in the first four months, hit by the global financial crisis, according to the Ministry of Industry and Information Technology.

For the new energy sector, Shanghai will develop wind, nuclear and solar energy sectors.

The city's Science and Technology Commission plans to provide 120 million yuan to develop the biomedicine sector.

In IT sector, integrated circuits, 3G mobile communications and flat panel displays will be developed.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend