BEIJING—China has drafted a new set of guidelines that it hopes will boost the development of wide range of high-tech industries, the government announced recently.
Under the 2004 Guidelines for Priority on Key High Technology Areas, China will grant state priority to 134 key sectors, channeling investments to these sectors and promoting exports. The National Development and Reform Commission (NDRC) announced the new plan on its Chinese-language Web site on July 9.
The NDRC, the Ministry of Science and Technology, and the Ministry of Commerce jointly drew up the plan with the help of 200 experts who researched domestic and international high-tech trends. Beijing hopes that the high-tech sector will be an engine for sustainable economic growth.
The NDRC says the key areas include biotechnology and new medicines, new materials, information technology, environmental protection, aeronautics, astronautics, and agriculture.
In the area of biology and pharmaceutical products, the emphasis will...