Taipei, Monday, November 24, 2014 17:25 (GMT+8)
haze
Taipei
25°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

Wireless broadband developments in Southeast Asia markets

RESEARCH EXTRAS | Nov 12, 10:53

As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%, and the share of the global user base rising from 4.9% to a high of 10.6%. This Digitimes Research Special Report analyzes the various...

Trends and forecasts for the China FPD industry, 2014-2017

CHINA FPD | Oct 6, 12:29

With China being the world's IT production center and a country with some of the strongest consumer demand, along with benefits on custom tax, funding, loans, and subsidies provided by the government, China's FPD industry continues to show strong growth. Local...

Taiwan handsets – 3Q 2014

TAIWAN ICT | Nov 20, 10:53

Taiwan's top handset ODM Foxconn Electronics lost a significant amount of feature phone orders from Microsoft Mobile in the third quarter, while the biggest brand vendor HTC also saw a sharp decline in its shipments. But for others in Taiwan's handset sector,...

China smartphone market and industry – 3Q 2014

CHINA SMARTPHONE | Nov 14, 19:21

Looking at smartphone sales in the local China market, under the influence of stagnating sales of international brands, a lack of differentiating features in high-end and high-cost/performance ratio products marketed by China-based makers, and ultra-low-cost...

Taiwan LCD TVs – 3Q 2014

TAIWAN FPD | Nov 14, 15:51

Taiwan's LCD TV manufacturing sector saw mixed performances among its players in the third quarter of 2014, resulting in only slight growth in overall shipments. For the whole of 2014, the Taiwan makers are expected to see a 1.8% growth in shipments, falling...

Advantest - VOICE Developer Conference
Demand and supply trends in the global sapphire industry, 2014-2015
TD-LTE market developments and forecast, 2014-2016
  • 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.