Thursday, March 3, 2011

“China is considering investments of up to $1.5 trillion over five years in seven strategic industries, sources said, a plan aimed at accelerating the country's transition from the world's supplier of cheap goods to a leading purveyor of high-value technologies  ....  Analysts expressed skepticism at the sheer amount of money  ─  it equates to about 5 percent of China's gross domestic product on an annual basis  ─  but said that the eye-popping headline figure was an indication of the government's determination to catalyze a structural shift in the economy  ....  THE TARGETED SECTORS INCLUDE ALTERNATIVE ENERGY, BIOTECHNOLOGY, NEW-GENERATION INFORMATION TECHNOLOGY, HIGH-END EQUIPMENT MANUFACTURING, ADVANCED MATERIALS, ALTERNATIVE-FUEL CARS AND ENERGY-SAVING AND ENVIRONMENTALLY FRIENDLY TECHNOLOGIES  ....  Beijing has said before that it wants to promote the sectors, a policy that it hopes will make the country less dependent on low-end, dirty manufacturing. The value-added output of the seven strategic industries together account for about 2 percent of GDP now. The government has said it wants them to generate 8 percent of GDP in 2015 and 15 percent by 2020.” [176] N.B.: When concerned about career choices and jobs market, as well as selecting professional and investment choices, do keep in mind: “ ....  THE TARGETED SECTORS INCLUDE ALTERNATIVE ENERGY, BIOTECHNOLOGY, NEW-GENERATION INFORMATION TECHNOLOGY, HIGH-END EQUIPMENT MANUFACTURING, ADVANCED MATERIALS, ALTERNATIVE-FUEL CARS AND ENERGY-SAVING AND ENVIRONMENTALLY FRIENDLY TECHNOLOGIES  .... ”

Publisher and/or Author:__Andres Agostini ─ @Futuretronium at Twitter! Futuretronium Book at http://3.ly/rECc