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SCMP Reporter

The central government has vowed to speed up the growth of hi-tech industries, with total output expected to be worth 10 trillion yuan a year by 2020.

National Development and Reform Commission vice-director Zhang Xiaoqiang said the hi-tech sector was growing by 24 per cent a year.

Vice-Minister for Science and Technology Liu Yanhua  said hi-tech products now accounted for about 27 per cent of the country's total exports  and  their contribution to trade was growing  by more than a third each year.

Mr Zhang and Mr Liu were in Shenzhen yesterday to attend the annual China Hi-tech Fair, the largest on the mainland. Vice-Premier Wu Yi and Commerce Minister Bo Xilai officiated at the opening ceremony. The fair ends on Saturday.

Technology officials from Brazil, Saudi Arabia, Pakistan, Austria and Myanmar met Mr Zhang, Mr Liu and Vice-Minister of Information Industry Lou Qinjian to discuss international co-operation in the hi-tech field.

Mr Zhang said  the mainland's hi-tech sector was growing strongly, with  the increase being led by telecommunications. He said the total output of hi-tech products last year was valued at  2.75 trillion  yuan.

The vice-director  said that the use of technology had greatly helped improve the country's productivity.

'Our economic development is constrained by limited resources and energy,' Mr Zhang said. 'We need to use innovations and science to break these bottlenecks and achieve sustainable growth.'

He said more resources would be devoted to develop technological expertise and help private  firms use technology to raise productivity. He also promised to give greater protection to intellectual property rights.

Mr Lou said more than 70 per cent of electronics products on the mainland were  manufactured by foreign companies or joint ventures.

He said the mainland was committed to the further removal of trade barriers to encourage more foreign investment.



Hi-tech industry aims to reach new heights