Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Self-innovation key for China's industrial modernization
Adjust font size:

China should focus on self-innovation rather than over-reliance on technology imports to achieve the industrial modernization, according to a blue paper issued by the Chinese Academy of Social Sciences (CASS) on Sunday.

The report was made upon CASS's survey on the country's 15 key industries. The result showed inadequate investment in self-innovation in China, which has held back the country from faster industrialization.

Investment in research and development in some industries was about 10 percent of the level in the developed nations, according to the report.

The report urged industries to focus on self-innovation as the main and sustainable drive for economic development in the course of importing foreign technologies.

The report forecast that the country will realize preliminary industrial modernization at around 2040.

China's shipbuilding industry is ranked as the most industrialized field, followed by the steel sector and the petroleum sector. They are up already half-way to the world's most advanced level, according to the report. And the cement sector, the coal mining sector and the machine tool sector are listed as the bottom three.

(Xinhua News Agency March 2, 2009)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Premier says innovation can reduce global crisis impact
- China to turn Pearl River Delta into 'innovation lab'
- Senior official values role of innovation amid financial meltdown
- Innovation, the right response to economic challenges
- Vice premier urges anti-seismic engineering innovation

Feb.14, Beijing China Macro-Economy Forecast Spring Annual Conference
Feb.22 - Feb.23, Shenzhen 21st Century China Capital Market Annual Conference
Feb.26 Shenzhen Time Weekly Marketing Awarding Ceremony

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?