China to Phase in 7 New Industries, Phase Out 19
By wchung | 04 Apr, 2025
China has named seven new industrial sectors to be cultivated as part of the 12th five-year plan while adding six sectors to the list of 13 it had already planned to phase out, according to Xinhua.
The seven new sectors are copper smelting, lead smelting, leather processing, zinc smelting, printing and dyeing, chemical fibers and lead-acid batteries. They will be phased in gradually during the 12th five-year plane from 2011 through 2015.
The six industries added to the list of industrial sectors to be phased out include cement and paper-making. The 19 outdated sectors slated to be eliminated will be rooted out entirely and won’t be allowed to be moved to less-developed regions in western China, according to the order handed down to regional authorities by the Ministry of Industry and Information Technology.
Having attracted foreign investment capitals of over $110 billion in 2010, China must improve the climate for inbound investments, said the Ministry of Commerce. It plans to do that by introducing international brands, techniques, talents and management skills to create a more attractive environment for foreign firms, according to the Ministry’s director of Foreign Investment Administration.
Articles
- Young Asian Americans Find Side Hustles Alternative Paths to Success
- Beauty Guru Yasmine Topacio Demos Routine for Gorgeous East-West Blend
- Alexandr Wang Makes Anti-China Waves As World's Youngest Self-Made Billionaire
- Asian Americans Underperform in Crime with One Big Exception
- Orange County Indian Mom Slashes Son’s Throat After Amusement Park Spree
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals