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Ministry of IIT: New Industries for Industrial Equipment Development

Zhang Xiangmu, Director of the Department of Industry Equipment, Ministry of Industry and Information Technology outlined five areas where China has to develop its equipment production industry further, Xinhua reported. The five areas are regulation, technology improvement, self-sufficiency in technology and equipment, the thrust into mergers and acquisitions, and new industry development. At present the targets for establishing new industries are energy-savings and new energy sources for automobiles, oceanic engineering equipment, general aircraft and regional aircraft, high-speed rail system equipment, and high-performance ship sectors.

Source: Xinhua, October 27, 2009