The 17th CPC Central Committee’s Fifth Plenary Session concluded on October 18th, when the Office of State Council announced its “Decisions on Accelerating the Cultivation and Development of Strategic Emerging Industries” (referred to “Decisions” as below), the official implementation of which serves as a new lighthouse for overseas investments.
When industries of new energy, new information networks, life science and high-end equipment manufacturing emerge as the pillar of national economy in a decade, a brand new approach of economic development will be adopted in China to supersede the traditional pillar of real estate and heavy industries.
The seven strategic emerging industries, as the leading force of future economic development and restructuring in China will boom unprecedentedly, fostering some high-growth enterprises with edges of scientific and technologic innovation. Thus, foreign capitals will inevitably favor investments in strategic emerging industries in China, which opens the floodgates to oversea capital markets.
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