NDRC’s vice-director, Du Ying, told the press:
“The delta region had taken the first step in the country's reform and opening-up thirty years ago, which had led to the glorious growth in the region's economy. Under the new State Council Plan, the government would facilitate innovation to bring about more achievements to the region.”
In keeping with its master plan, over the next three years about 100 state laboratories designated for engineering innovation and research and development (R&D) will be established. It is expected that by the year 2012 some three-to-five, high technology–powered industrial clusters will be established, generating an industrial output of more than 100 billion yuan (about 14.6 billion U.S. dollars). Generally speaking, hi-tech manufacturing is expected to generate at least 30 percent of the total industrial output of the region by the projected date of 2020.
According once again to Du Ying:
“Faced with the financial crisis, our top task is to maintain stable and fast economic growth. We also need to speed up our industrial restructuring and increase our independent innovation abilities to gain an edge in the global market, company-wise or products-wise.”
An innovation hub comprised of large cities such as Shenzhen, Guangzhou, Hong Kong, and Macao, will serve jointly as the base for regional and international cooperation in science and technologies. The government will also do its part to encourage innovative enterprise by reducing taxes on about 50 of the top competitive companies. By 2012, some 600 new patent applications per one million people are expected and priority will be given to those parents involving independent technological innovations. While some industries such as household appliances, textile and garments, paper-making and Chinese herbal medicine, will be upgraded, inefficient energy-consuming sectors will gradually be phased out.
The establishment of research institutes will beneficially affect every sector of production and manufacturing in the region.
Here’s looking at you, Pearl River Delta and a brighter, hi-tech tomorrow.