The output value of China's emerging pillar industries is expected to exceed 10 trillion yuan by the end of the "15th Five-Year Plan"

China News Service, Beijing, November 3 (Reporter Wang Mengyao) Ren Zhongbao, deputy director of the Department of Innovation and High-Tech Development of the National Development and Reform Commission of China, said in Beijing on the 3rd that during the "15th Five-Year Plan" period, the focus will be on cultivating six emerging pillar industries such as integrated circuits, aerospace, and biomedicine. By the end of the 15th Five-Year Plan, the output value of emerging pillar industries is expected to double to more than 10 trillion yuan, becoming an important force supporting high-quality economic development.

On the same day, the National Development and Reform Commission held a series of press conferences on the “15th Five-Year Plan” to introduce the situation of cultivating and strengthening new driving forces.

Ren Zhongbao introduced at the meeting that China's emerging pillar industries have reached considerable scale, with an output value of nearly 6 trillion yuan last year, and each industry has basically formed a relatively complete industrial chain and supply chain. R&D investment in various industries is growing rapidly, new technologies and new products are constantly emerging, and industrial scale is accelerating. In the first three quarters of this year, integrated circuit output reached 442.8 billion units, a year-on-year increase of 23.3%; external technology licensing of innovative drugs amounted to approximately US$130 billion, which is close to the level of the whole of last year.

He said that at present and in the future, a new round of technological revolution and industrial transformation will develop in depth, new tracks and new scenarios will continue to expand, and China's emerging pillar industries will have more and more room for growth.

Ren Zhongbao pointed out that during the "15th Five-Year Plan" period, the National Development and Reform Commission will, in accordance with the requirements of application guidance, adapting measures to local conditions, deepening reform, and expanding opening up, give full play to the decisive role of the market in resource allocation, better play the role of the government, and effectively do a good job in cultivating emerging pillar industries. (over)