30 SepAdam M. Roseman, Adam Roseman, ARC China
Adam Roseman, Founder and Managing Partner at ARC China, explains in his weekly newsletter that China is promoting strategies to develop seven emerging industries. These industries include energy saving and environmental protection, new generation of information technology, biology, high-end equipment manufacturing, new energy, new material, and alternative energy vehicles.
The State Council selected these seven industries recently during an executive meeting. Shortly thereafter, the National Development and Reform Commission (NDRC), China’s top economic planner, announced a plan to invest RMB100 billion in these emerging industries. This money should be put into these seven strategic industries over the next two to three years.