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Incentive boost
Source: Xinhua |
September 8, 2011, Thursday
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Print Edition
Print Edition
CHINA plans to beef up investment and offer tax incentives to lift the annual output of the advanced materials industry to 2 trillion yuan (US$313 billion) by 2015, an official with the Ministry of Industry and Information Technology said yesterday.
The target figure is about 5 percent of China's 2010 gross domestic output. The section of the government's 12th Five-Year (2011-2015) Plan regarding the advanced materials industry was approved by the ministry last month and will be modified to be more specific, said Gao Yunhu, vice head of the ministry's raw materials industry department. He said the industry may grow more than 25 percent on average annually until 2015.
The target figure is about 5 percent of China's 2010 gross domestic output. The section of the government's 12th Five-Year (2011-2015) Plan regarding the advanced materials industry was approved by the ministry last month and will be modified to be more specific, said Gao Yunhu, vice head of the ministry's raw materials industry department. He said the industry may grow more than 25 percent on average annually until 2015.
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