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Emerging Pillar Industries Expected to Exceed 10 Trillion Yuan by End of 15th Five-Year Plan Period

36Kr1 min read

At a "Striving Toward the 15th Five-Year Plan" series press conference held today by the National Development and Reform Commission, it was learned that China's emerging pillar industries have reached considerable scale, with output nearing 6 trillion yuan last year. R&D investment has grown rapidly, new technologies and products continue to emerge, and industrial scale is accelerating. In the first three quarters of this year, integrated circuit output reached 442.8 billion units, up 23.3% year on year. Out-licensing of innovative drug technologies totaled about 130 billion US dollars, approaching the full-year level of last year. By the end of the 15th Five-Year Plan period, the output value of emerging pillar industries is expected to double, reaching more than 10 trillion yuan, becoming an important force supporting high-quality economic development. (CCTV News)

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