At the end of last year, the State Council issued the National Development Plan for Strategic Emerging Industries during the 13th Five-Year Plan Period (“Plan”). According to the Plan, by 2020, the national added value of the strategic emerging industries will account for 15 percent of the gross domestic product (GDP), thus forming the new pillar consisting of such industries as new-generation information technology, high-end manufacturing, biology, green and low-carbon technology, and digital creation, with their output value being up to 10 trillion yuan (US$1.53 trillion) each. Green and low-carbon industry has become a blue ocean that a myriad of Chinese enterprises compete to expand.
According to the Plan, the strategic emerging industries, which represent the direction of the new-round scientific revolution and industrial change, are the key fields for fostering new driving force fordevelopment and obtaining new advantages for future competition. It is necessary to place the strategic emerging industries at a more remarkable position in the economic and social development, firmly seize the opportunities of the new-round scientific revolution and industrial change, and accelerate the development of the strategic emerging industries including new-generation information technology, high-end manufacturing, new materials, biology, new-energy automobile, new energy resources, energy saving and environmental protection, and digital creation to promote the vigorous development of new technologies, new products, new business patterns and new modes in more extensive fields, to build a powerful country of manufacturing, to develop modern service industry and to propel the industries to develop toward medium and high end, thus supporting the all-round building of a moderately prosperous society.
The Plan proposes that, by 2020, the national added value of the strategic emerging industries will account for 15 percent of the gross domestic product (GDP), thus forming the new pillar consisting of such industries as new-generation information technology, high-end manufacturing, biology, green and low-carbon technology, and digital creation, with their output value being up to 10 trillion yuan (US$1.53 trillion) each, and develop new growth points through a great number of cross-industry integration, creating an average of more than 1 million new jobs annually. The industrial structure will be further optimized and the industrial innovation capability and competitiveness will be notably enhanced to shape the new height for the global industrial development.
The Plan specifies the development tasks in eight aspects: propel the leaping development of the IT industry and expand the new space for network economy; facilitate breakthroughsin the high-end equipment and new materials industries and guide the new stride of “made in China”; accelerate the innovative development of the biology industry and foster new impetus of biological economy; propel the industries of new-energy automobile, new energy sources and energy saving and environmental protection to expand rapidly and construct the new mode of sustainable development; promote thedevelopment of digital creative industry and create and guide new consumption; lay out in advance the strategic industries and foster new advantages for future development; promote the concentrated development of strategic emerging industries and construct a new pattern of coordinated development; and push forward the open development of strategic emerging industries and expand new paths for international cooperation.
To propel the green and low-carbon transformation of energy sources and develop clean energy will be an inevitable choice for the energy supply-side structural reform. At the present stage, China mainly depends on fossil energy in its energy structure. The proportion of coal consumption remains as high as 64.4 percent while the consumption of non-fossil energy only accounts for 12 percent. From the viewpoint of the insiders, the clean power generation industry will witness great development duringthe 13th Five-Year Plan period and such industry will also get more policy support. Against such background, wind, photovoltaic and nuclearpower will receive development opportunities once again.
With the notable rise of the strategic position of clean energy, it is widely believed by that, driven by policies and market demands, the energy saving and environmental protection industry will maintain rapid development, and during the 13th Five-Year Plan period, the total investment in this industry is estimated to be up to 17 trillion yuan, representing a huge market space. According to the Plan, during the 13th Five-Year Plan period, China’s newly-increased installed capacity of wind power will be over 80 million KW, including the newly-increased capacity of over 4 million KW of offshore wind power. If the investment in onshore wind power is7,800 yuan/KW and the investment in offshore wind power is 16,000 yuan/KW, China’s total investment in wind power construction will be over 700 billion yuan during the 13th Five-Year Plan period. By 2020, on the basis of solving the problem of wind curtailment in the northeast, north and northwest of China, by promoting local consumption and using the existing channels to transmit outside, there will be another newly-increased wind power capacity of about 35 million KW, and the accumulative grid-connected capacity will be up to about 135 million KW
Through years of development, thediversified pattern has taken shape in the Chinese environmental protection industry, and leading playershave sprung up in the segmented fields of the industry, who have obtained notable advantages in technical resources and engineering experience.