Taipei, Monday, September 22, 2014 10:48 (GMT+8)
light rain shower
Taipei
26°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 August unemployment rate at 4.08%, says DGBAS

    Bits + chips | 8min ago

  • Cree accuses Harvatek, Kingbright of patent infringement in US

    LED | 14min ago

  • Tyntek to downsize capital by 33.73%

    LED - Stockwatch | 22min ago

Pause
 | 
View more

Analysis of China's revised domestic semiconductor industry goals

RESEARCH EXTRAS | Jul 16, 18:09

Facing a funding shortage for local IC manufacturers, the China State Council in June 2014 published guidelines to strengthen government support for China's semiconductor industry, while stating the short-, mid-, and long-term goals for the related industry supply...

The transition to 4k TV - UHD TV market forecast, 2014-2017

RESEARCH EXTRAS | Jun 26, 13:59

Ultra HD TV vendors are facing challenges due to an overall slowdown in the TV industry and are concerned whether relative supply chains can provide compatible Ultra HD content and services. However, trends show that content makers as well as panel and chip makers...

Taiwan LCD monitors – 2Q 2014

TAIWAN FPD | Aug 25, 14:48

Taiwan's monitor shipments grew 10% in the second quarter compared to a low first-quarter base. With panel makers reducing their supply of monitor applications and monitor vendors reluctant to increase their shipments, Taiwan's makers will only see a single-digit...

China smartphone market and industry – 2Q 2014

CHINA SMARTPHONE | Aug 12, 17:41

A delay in the launch schedule for low-cost 4G smartphones resulted in a mere 4.8% increase in second quarter shipments in the China market. However, with telecom operators planning on increasing their subsidies in the second half of the year, demand will be...

Taiwan small- to mid-size LCD panels – 2Q 2014

TAIWAN FPD | Aug 6, 21:18

Taiwan makers' small- to medium-size panel shipments reached 351.4 million units in the second quarter of 2014, up 16.8% sequentially but down 2.8% on year.

Analysis of China revised domestic semiconductor industry goals
Media news email alerts
DIGITIMES Translation Services
  • 2014 global high brightness LED market, trends and shipment forecast

    For the global LED lighting market, the market size will reach US$25.82 billion in 2014 or a market penetration rate of 23.4%. This is attributable to exponential shipment growth for light bulbs, tubes, and directional lamps.

  • Greater China touch panel shipment forecast through 2015

    This Special Report provides forecasts through 2015 for Greater China touch panel shipments with breakdowns based on technology (glass, film, resistive), application (smartphone, NB and tablet) and by firm.

  • 2014 global tablet demand forecast

    This report analyzes the main players, their strategies and shipments forecasts for 2014, as well as other factors contributing to either growth or decline in various segments within the tablet market, with a particular focus on Apple, Google, Samsung, and Microsoft, along with whitebox vendors.