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    Nine Industrial Revitalization Plans Are Reported To Be Approved Before The Year.

    2008/12/27 10:40:00 22

    Planning Industry

    "The revitalization plan of these key industries will be submitted to the State Council for approval before the end of the year."

    In December 18th, the officials of the industry coordination department of the NDRC affirmed that after the 1000 trillion investment was launched, the NDRC will step up the development of nine key industries, namely, steel, automobile, shipbuilding, petrochemical, textile, light industry, nonferrous metals, equipment manufacturing and electronic information.

    This is an important task established by the thirty-seventh executive meeting of the State Council in November 26th. The meeting also asked the NDRC to work together with the Ministry of industry and information technology to complete the work.

    At present, the central government has invested 100 billion yuan this year.

    According to the officials of the NDRC, the revitalization plan is due to the irreplaceable position of the nine industries in our national economy: from the perspective of total economic output, the industrial added value of nine industries accounted for nearly 80% of the total industrial added value in 2007, and the proportion of GDP accounted for 1/3. From the perspective of fiscal contribution, the tax revenue of our country in 2007 was 4 trillion and 560 billion yuan, of which nine enterprises accounted for 1 trillion and 700 billion yuan or above 37% of industrial scale enterprises.

    The reporter replied to the NDRC and the Ministry of industry and commerce that the nine plans will be promulgated after the year.

    It is reported that the NDRC is working closely with relevant departments in conducting research, discussion and sorting out policies.

    In from December 17th to 18th, the national development and Reform Commission held the national industrial development conference in 2008. The heads of the NDRC and the economic and Trade Commission again focused on discussing and studying the revitalization plan details.

    "The NDRC led the establishment of nine teams, of which eight were led by the industry coordination division, and the work is being carried out."

    The officials of the NDRC said the important agenda of the conference was to seek local advice.

    Although the substantive policy contents of the nine industry revitalization plans are still under discussion, the basic combination framework of these policies has been finalized. These policies and measures mainly include: lightening the tax burden of enterprises; increasing credit support; launching a batch of enterprises' technical pformation items; encouraging and supporting enterprise merger and reorganization, improving risk resisting ability and international competitiveness; fully excavating the potential of rural market; actively expanding exports, stabilizing and developing international markets; perfecting the state commercial reserve system, and increasing the storage and collection of important resources and products.

    Undoubtedly, revitalizing the nine industries will become the key to economic growth.

    Nine industries such as iron and steel, automobiles, ships, petrochemicals, textiles and light industries have always been important pillars of our national economy.

    However, "the current industrial development situation is very grim," Liu Tienan, deputy director of the NDRC, has openly spoken. "14 departments of the State Council, 12 industry associations and China consulting company, jointly with the Ministry of industry and information technology, have studied and deployed the formulation and implementation of the revitalization plan for key industries".

    Earlier, Li Yizhong, Minister of the Ministry of industry and information, also revealed that tax cuts, support for mergers and acquisitions, tap the potential of the rural market, expand exports, state reserves, and start technological pformation projects of enterprises should become policy measures to support key industries.

     

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