Taipei, Thursday, May 26, 2016 07:27 (GMT+8)
thunderstorms
Taipei
28°C
China looks to leverage strength of domestic market in its 12th Five Year Plan, says new report from Digitimes Research
Press release, DIGITIMES, Taipei [Wednesday 9 February 2011]

Taipei, Taiwan, February 9, 2011 - China will soon formally kick off its 12th Five Year Plan (2011-2015), and while in the past China placed heavy emphasis on becoming a rich and strong nation, the emphasis has now shifted to how the government can help its people become rich as well, according to a new DIGITIMES Special Report titled "Overview of China's 12th Five Year Plan."

Five year plans are essentially China's economic development roadmap and are intended to set goals and chart a course for the long-term development of the nation's economy. However, the government will downplay the role of GDP growth targets in the 12th Five Year Plan, and sets its sights mainly on adjustments to the country's economic structure, including changes in the structure of supply, demand and production, in order to increase the pace of income growth for residents and usher China into a more comfortably well off society, with per capita GDP set to exceed US$5,000.

To achieve this goal, China has identified seven key strategic industries that together will be allocated a budget of CNY10 trillion (US$1.52 trillion) over the next five years for investment. The DIGITIMES Special Report explains how China aims to have local enterprises leverage the enormous domestic market to increase their global strength and competitiveness in these key emerging industries – namely Energy Savings and Environmental Protection, Next-generation IT, Biotechnology, High-end Assembly and Manufacturing (e.g. aerospace), New Energy Sources, New Materials, and Alternative Energy powered Automobiles.

The report also highlights how China is no longer satisfied with its past role of being a technological follower. It is banking on its huge domestic market to allow it to have a say in the making of standards and business models for a number of these emerging sectors during the early stages of development. In the future, China will also look to leapfrog global technology development and look to gain control of standards and technologies in the areas of IT and communications, as well as new energy applications.

Seven major strategic industries in China’s 12th Five Year Plan involve a total of 35 projects for various sub-industries

Source: China State Council, compiled by Digitimes Research, January 2011

More information about the report

About DIGITIMES Research

DIGITIMES Research is the research arm of DIGITIMES Inc., Taiwan's leading high-tech media outlet. Operating as an independent business unit, DIGITIMES Research focuses on monitoring key high-tech industries, while also guiding clients toward suitable new business as well. Market intelligence and analysis is provided to more than 1000 corporate customers worldwide. Research and consulting services cover a full range of industries, including information and communications technology (ICT), flat panel display (FPD), renewable energy and semiconductor design and manufacturing.

Contacts:

Michael McManus (Michael.mcmanus@digitimes.com)
Sylvia Wu (Sylvia.wu@digitmes.com)

Topics: Page 2

Realtime news
  • Taiwan market: Smartphone sales slow down in April

    Mobile + telecom - Newswatch | 8h 47min ago

  • ASE, SPIL halt trading pending release of material information

    Bits + chips | 10h 26min ago

  • Sony sees strong LCD TV sales in 2016

    Before Going to Press | 9h 30min ago

  • Big Data Expo 2016 begins on May 25 in China

    Before Going to Press | 9h 35min ago

  • Taiwan market: Samsung launches Galaxy J7 2016 and J5 2016

    Before Going to Press | 10h 9min ago

  • Small motherboard players aggressively seeking new business opportunities

    Before Going to Press | 10h 27min ago

  • Taiwan market: Smartphone sales slow down in April

    Before Going to Press | 10h 46min ago

  • Market watchers pessimistic about 2-in-1 market

    Before Going to Press | 10h 53min ago

  • Server management SoC provider Aspeed to see revenues grow 30% in 2016

    Before Going to Press | 10h 54min ago

  • MLS reportedly cooperates with IDG Capital Partners to bid for Ledvance

    Before Going to Press | 11h 11min ago

  • DLC-coated glass to potentially replace sapphire cover glass

    Before Going to Press | 11h 13min ago

  • Digitimes Research: Japan begins to utilize Wi-SUN technology

    Before Going to Press | 11h 20min ago

  • UltraChip revenues to rise in 2Q, 3Q16

    Before Going to Press | 11h 22min ago

Pause
 | 
View more

Taiwan server shipment forecast and industry analysis, 2016

RESEARCH EXTRAS | Apr 1, 15:47

Strong demand from the cloud computing market helped Taiwan's server shipments grow 12.5% on year to break 10 million units in 2015, accounting for 90.7% of worldwide shipments and the percentage is expected to grow to 91.1% in 2016. This Digitimes Research Special...

China smartphone touch-panel industry 2016 forecast

CHINA SMARTPHONE | Feb 6, 17:23

In 2016, China's smartphone panel capacity is expected to increase steadily, with BOE and Tianma expanding 6G capacity and GVO and Truly Optoelectronics increasing their share of handset panel production. This Digitimes Research Special Report analyzes the key...

China smartphone market and industry - 1Q 2016

CHINA SMARTPHONE | May 25, 17:39

Smartphone shipments to the China market in the first quarter of 2016 reached 104.7 million units

Taiwan large-size LCD panels – 1Q 2016

TAIWAN LCD PANEL | May 16, 14:02

Taiwan's large-size TFT LCD panel production in the first quarter of 2016 took a major hit as a strong earthquake damaged Innolux's fabs in southern Taiwan.

Taiwan notebooks – 1Q 2016

TAIWAN MOBILE DEVICE | May 9, 14:28

The global notebook market continued to slump in the first quarter, with shipments going down. Vendors were less interested in boosting shipment volume than in improving their profitability by focusing more on midrange and high-end models.

Innodisk Corporation
Trends and forecasts for the China FPD industry, 2014-2017
The transition to 4k TV - UHD TV market forecast, 2014-2017
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.