China publishes first industrial restructuring planJanuary 18th, 2012 - 9:53 pm ICT by IANS
Beijing, Jan 18 (IANS) China Wednesday published its first long-term industrial restructuring and upgrading plan.
China targets an 8-percent value-added industrial growth over the next four years, a 2-percentage-point rise in value-added ratio from the end of 2010, and a 10-percent annual increase in overall labour productivity.
As for major industrial enterprises, expenditure on research and development will account for at least 1 percent of their revenues, according to the Industrial Restructuring and Upgrading Plan (2011-2015), Xinhua reported.
Beijing aims to see a better industrial structure, with value-added of emerging industries accounting for 15 percent of the country’s total value-added by 2015.
Meanwhile, the nation aims to see a fall in pollution and work-related accidents. Energy consumption per unit of value-added should drop by 21 percent from the end of 2010, while water consumption of value-added should slide 30 percent, according to the plan.
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Tags: accidents, beijing, china, consumption of value, emerging industries, energy consumption, industrial restructuring, industrial structure, labour productivity, percentage point, pollution, research and development, total value, water consumption, xinhua