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December 20, 2016

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New pillar industries

CHINA has issued a guideline on strategic emerging sectors in the 13th Five-Year Plan period, with their output expected to account for 15 percent of GDP by 2020.

China wants five new pillar industries each with output of 10 trillion yuan (US$1.4 trillion) — information technology, bio-industry, green and low-carbon industry, high-end manufacturing, and digital and creative industry. The country plans to develop a number of new growth poles based on industrial integration and create more than 1 million new jobs each year by 2020, according to a State Council document published yesterday. The document explains the opportunities brought by new technology and put emphasis on strategic emerging industries.


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