Policies set to lay guidelines on technology
China is drafting new industrial policies aimed at boosting the country's technological advancement in infrastructure and pillar industries.
They also would prevent foreign investors from acquiring market shares without first transferring advanced technologies, according to the Hong Kong China News Agency.
The policy changes are being drafted by the State Planning Commission and are expected to be released in the first half of next year.
The Planning Commission Vice-Minister, Ye Qing, said the policy paper was expected to contain future technological developments and priority categories of agriculture, infrastructure, and the so-called pillar industries.
It also would include rules on technological imports and on how to encourage companies to undertake research and development projects.
He said the new policy was crucial to China's ambitious bid to shift from labour-intensive to capital-intensive industries.
Mr Ye criticised foreign companies for not transferring technology despite investing heavily to acquire market share.
Analysts said his remarks and the proposed new industrial policy reflected Beijing's increasing concerns over the declining competitiveness of domestic firms.
They said the central Government had come under mounting pressure to protect domestic industries from the tough competition they faced from foreign investors.
