Business · Economy · 1 hr ago
China's emerging industries could exceed 10 trillion yuan in output by 2030
China's emerging pillar industries could top 10 trillion yuan in output by the end of its 2026–2030 development plan.
Their output was nearly 6 trillion yuan last year, according to China's National Development and Reform Commission.
The forecast covers industries the government describes as emerging pillars of the economy, though the statement does not list them.
Integrated circuit production reached 442.8 billion units in the first three quarters of this year, up 23.3% from a year earlier.
Deals licensing Chinese innovative drug technology abroad were worth about $130 billion, close to the total for all of last year.
The commission said rising research spending and new technologies and products are helping these industries grow.
The government expects their output to more than double, making them a stronger support for higher-quality economic growth.
China’s emerging pillar industries could more than double their output to over 10 trillion yuan by the end of the 15th Five-Year Plan, a government briefing said.
Their output was close to 6 trillion yuan last year, according to the National Development and Reform Commission.
The briefing said research and development investment is growing rapidly and new technologies and products are continuing to emerge.
In the first three quarters of this year, integrated-circuit output reached 442.8 billion units, up 23.3% year on year.
Technology licensing deals for innovative drugs reached about $130 billion, nearing the total for all of last year.
- Who
- China’s emerging pillar industries.
- What
- Their output could exceed 10 trillion yuan by the end of the 15th Five-Year Plan.
- When
- By the end of the 15th Five-Year Plan; the briefing was held on November 3, 2026.
- Where
- Not stated.
- Why
- The industries are expected to become an important force supporting high-quality economic development.
This story does not have two clearly opposing sides.
Output from China’s emerging pillar industries was close to 6 trillion yuan.
Integrated-circuit output reached 442.8 billion units, up 23.3% year on year.
The National Development and Reform Commission said output could exceed 10 trillion yuan by the end of the 15th Five-Year Plan.
- Last year’s output
- Close to 6 trillion yuan
- Output target
- More than 10 trillion yuan by the end of the 15th Five-Year Plan
- Integrated circuits
- 442.8 billion units in the first three quarters; up 23.3% year on year
- Innovative-drug technology licensing
- About $130 billion in the first three quarters