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China tech industry to reach $1.45T by 2010

Posted: 18 May 2007 ?? ?Print Version ?Bookmark and Share

Keywords:China tech industry? technology manufacturing? NDRC report?

China's high-tech industry will rake in $1.45 trillion by 2010, nearly triple its size just a few years ago, according to a report from a top Chinese policy group.

About $1.17 trillion of that will come from manufacturing high-tech products, while the balance will derive from high-tech services, according to the National Development and Reform Commission. China's high-tech industry is the third largest in the world. In 2005, industry revenue totaled $441.6 billion, with exports accounting for $218.3 billion, according to government statistics.

But China may not profit substantially from its rapid growth. The report also pointed out that China still suffers from weak innovation, meager investment in R&D, and a shortage of talent. Inefficient reform of state-controlled monopolies and inconsistent policy are also obstacles, the report said.

The NDRC expects the country's computer industry will generate $377 billion in 2010. The digital audio and video industry will account for $84.4 billion. The report said China will continue to funnel high-tech R&D funding to high-performance CPUs and a handful of domestic standards, including , a 3G standard (TD-SCDMA), a domestic wireless LAN standard (WAPI), a domestic audio-video codec (AVS) and DTV standards.

The authors of the report also said government will encourage the local semiconductor industry to beef up its R&D in the areas of chip design and deep submicron IC production and equipment development. China is aiming to build a complete IC industry chain by 2010 that generates revenue of $39 billion.

- Cai Yan
EE Times

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