Technology for the production of renewable energy, including
wind power, has been listed as a priority of China's high-tech
development.
Other priorities include the production of fuel cells,
utilization of natural gas, technology for developing e-government
and e-commerce, biomedicine engineering and equipment for the next
generation of high-speed broadband network, according to the 2004
Guidelines on the Current Priorities in the Commercialization of
High Technologies jointly issued by the State Development and
Reform Commission (SDRC) and two other government departments
recently.
Altogether, the guidelines listed 134 areas in 10 general
sectors as priorities.
A SDRC official said the guidelines aim to guide investment to
high-tech industries. It represents the government's efforts to
promote development of high-tech industries and the upgrading of
industrial structure.
It also shows the government applies different polices towards
different sectors in macro-control. While it suppresses the growth
of certain sectors, it is pushing forward the development of
others, he said.
China has increased guidance and support to the development of
high-tech industries since 1998, part of its program to readjust
the economic structure. The scale of China's high-tech industries
had reached 2,700 billion yuan (US$325.3 billion) by 2003, as
compared with 1,090 billion yuan (US$131.3 billion) in 1999.
(Xinhua News Agency July 11, 2004)