Source: CCTV.com
04-16-2009 11:02
Special Report: Global Financial CrisisThe State Council released a detailed stimulus plan for the electronics and IT industry on Wednesday. It says the plan will boost development, creating more than 1.5 million jobs in three years.
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| The State Council released a detailed stimulus plan for the electronics and IT industry on Wednesday. |
The government will boost the industry by increasing state investment, credit support and export tax rebates. It also pledges to expand the industry's domestic market and encourage innovation and restructuring.
In the next three years, the country is aiming for technological breakthroughs in strategic domains of the industry, such as integrated circuits and software.
Fresh growth will also be cultivated in fields such as digital TVs and the new generation of mobile communications and the Internet.
The government will vigorously promote the overseas commercial use of its domestically-developed TD-SCDMA standard for the high-speed third-generation mobile communications.
The electronics and IT sector is expected to contribute at least 0.7 percentage points to China's annual GDP growth, from 2009 to 2011.
China's electronics and IT products sales surged at an average annual rate of 28 percent from 2001 to 2007. They slowed sharply to 12.5 percent last year, amid the economic downturn.
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Editor:Qin Yongjing
