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China will increasingly emphasize the transformation of abstract
high-tech achievements into actual high-tech products and will
expand the export of high-tech products during the 10th Five-Year
Plan period (2001-05), a senior trade official said.
Hu Chusheng, spokesman and director of the general office with
the Ministry of Foreign Trade and Economic Cooperation (MOFTEC),
made the remarks at the conclusion of the second China High-tech
Fair in Shenzhen.
Hu said the Central Committee of the Communist Party of China
had suggested the national economic structure be strategically
readjusted to promote the quality and benefits of economic growth
during the next five years.
"The economic development and restructuring must rely on
institutional innovation and scientific and technological innovation,"
he stressed.
"Scientific progress is the most crucial factor in increasing
national strength."
Wei Jianguo, assistant minister of MOFTEC, praised the six-day
China High-Tech Fair: "It has realized its goals of turning
scientific and technological achievements into real products
and promoting domestic and international cooperation."
Over 1,000 new projects, encompassing a total of US$8.5 billion
in funding and investment, were set in motion at the fair. The
nearly US$9 billion in new business represents a 31.4 percent
increase over the last fair, according to the preliminary statistics
of the organizing committee.
Organizers expect a significant increase in actual fulfillment
of contracts this year.
Of all the projects launched at the fair, 658 are contracted
projects worth US$5.9 billion, and 388 are agreed projects,
with a volume of US$2.7 billion.
The fair has made sound strides in the commercialization of
scientific results.
Transactions in e-information, biotechnology, medicine, photoelectrics
and other high-tech sectors increased tremendously, beating
the last fair by nearly 50 percent. The fair drew people from
31 provinces, autonomous regions and municipalities.
Attendees took advantage of the fair as a stage on which to
introduce investment and promote regional economic development.
(China Daily 10/18/2000) |
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