China Expands Investment in Strategic Emerging Industries to Foster New Growth Drivers

Elaborating on the guidelines jointly issued by the National Development and Reform Commission (NDRC) and three other ministries a few days earlier, the NDRC said on 23 September that the guidelines put forward 20 key directions and supporting policies, including expanding investment in strategic emerging industries and fostering new growth drivers, to promote the high-quality development of strategic emerging industries. On expanding investment in strategic emerging industries, the guidelines highlighted the following three key tasks:

• Focusing on key areas of industrial investment

• Building new high grounds for development of industrial clusters

• Enhancing capital guarantee capabilities

Source: National Development and Reform Commission