Biotech­nol­ogy, clean en­ergy and next gen­er­a­tion IT will cre­ate jobs

China Daily (Hong Kong) - - BUSINESS - By WANG YANFEI wangyan­fei@chi­nadaily.com.cn

The na­tion’s next wave of growth will be fu­eled by new in­dus­tries such as biotech­nol­ogy, clean en­ergy and ad­vanced man­u­fac­tur­ing, ac­cord­ing to a gov­ern­ment think thank.

The trans­for­ma­tion is ex­pected to gen­er­ate mas­sive job op­por­tu­ni­ties by up­grad­ing the skills of work­ers across the coun­try’s busi­ness sec­tors.

“Strate­gic emerg­ing in­dus­tries will help the world’s sec­ond largest econ­omy bot­tom out from the eco­nomic down­turn cy­cle,” said Zhao Chang­wen, di­rec­tor of the Depart­ment of In­dus­trial Econ­omy at the De­vel­op­ment Re­search Cen­ter. The depart­ment is a gov­ern­ment think tank af­fil­i­ated to the na­tion’s top eco­nomic plan­ner, the Na­tional De­vel­op­ment and Re­form Com­mis­sion.

Gross do­mes­tic prod­uct growth reached 6.9 per­cent in the first half of this year af­ter decades of dou­ble-digit ex­pan­sion.

In a move to plan for the fu­ture, the gov­ern­ment has rolled out pref­er­en­tial poli­cies to sup­port the de­vel­op­ment of “strate­gic emerg­ing in­dus­tries” since 2009.

Key cat­e­gories in­clude biotech­nol­ogy, ad­vanced and high-end man­u­fac­tur­ing, clean en­ergy, in­for­ma­tion tech­nol­ogy, dig­i­tal in­dus­tries, next gen­er­a­tion IT and new en­ergy projects, such as e-ve­hi­cles.

These sec­tors have been ear­marked as strate­gic in­dus­tries, the NDRC re­vealed ear­lier this year.

Boost­ing em­ploy­ment was a key com­po­nent in the in­dus-

Strate­gic emerg­ing in­dus­tries will help the world’s sec­ond largest econ­omy bot­tom out ...” Zhao Chang­wen, di­rec­tor of the Depart­ment of In­dus­trial Econ­omy at NDRC De­vel­op­ment Re­search Cen­ter ex­pected to be cre­ated by strate­gic emerg­ing in­dus­tries each year, by the end of 2020

trial shift, it said.

By the end of 2020, one mil­lion jobs are ex­pected to be cre­ated by strate­gic emerg­ing in­dus­tries each year, ac­cord­ing to the na­tion’s 13th FiveYear Plan (2016-20).

“It is hard to make a pre­cise cal­cu­la­tion of how many jobs will be cre­ated,” Zhao said. “The gov­ern­ment has been ex­pand­ing the cat­a­logue (of new in­dus­tries).

“But cre­at­ing one mil­lion jobs a year is not a dif­fi­cult tar­get to achieve,” he added. “We might achieve more than that.”

Zhao stressed that em­ploy­ees would be re­trained and switched from tra­di­tional busi­nesses to new ad­vanced sec­tors, as the coun­try weans it­self off heavy in­dus­tries.

New emerg­ing in­dus­tries, such as next gen­er­a­tion IT and in­for­ma­tion tech­nol­ogy sec­tors, are al­ready pop­ping up,

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