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World Emerging Industry Development Report at the 4th World Emerging Industries Summit

Fourth, the Chinese government is guiding or encouraging deepened R&D applications such as big data and artificial intelligence, cultivating a new generation of information technology, high-end equipment, biomedicine, new energy vehicles, new materials and other emerging industrial clusters, and accelerating the development of autonomous driving, hydrogen energy, etc., strengthen digital economy, platform economy and the sharing economy.

In order to promote and encourage the development of emerging industries more comprehensively, the Chinese government re-categorized the emerging industries in 2018 as 9 areas: new generation information technology, high-end equipment manufacturing, new materials , bio-industry, new energy auto, new energy, energy conservation and environmental protection, digital creation and related service.

In 2018, China's investment in high-tech manufacturing increased by 16.1% year-on-year, much higher than the average growth rate of 9.5% of manufacturing investment, and the growth rate of 5.1% of all investment.

In the past year, Chinas National Development and Reform Commission signed an agreement with China Development Bank, China Export and Import Bank and China Construction Bank to establish a fund of 2.6 trillion yuan to support the development of strategic emerging industries.

Other Chinese government departments and local governments will increase investment in strategic emerging industries and pay more attention to results. The investment of market-oriented institutions will become more prominent, and the quantity and quality of China's emerging industries will be improved. It is welcoming a bright future. The major historical opportunities for international industrial cooperation, capital cooperation and technical cooperation in emerging industries should not be missed.

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