The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
Market Watch
North American Report
Government Documents
Expat's Eye
Photo Gallery
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue

How to Achieve the 8 Percent Target
Special> Coping With the Global Financial Crisis> China> How to Achieve the 8 Percent Target
UPDATED: April 16, 2009
China Aims to Create 1.5 Mln Jobs
China aims to create 1.5 mln jobs in electronics and IT industry

China, the world's biggest manufacturer of electronics and information technology (IT) products, said Wednesday it will boost the industry's development to create more than 1.5 million new jobs in three years.

The electronics and IT sector is expected to contribute at least 0.7 percentage points to China's annual gross domestic product (GDP) growth from 2009 to 2011, compared with 0.8 percentage points last year, according to a document approved by the State Council and published on the government Web site.

That will provide new jobs for nearly 1 million college graduates, which are included in the total 1.5 million targeted vacancies, said the document.

China's electronics and IT products sales surged at an average annual rate of 28 percent from 2001 to 2007, but slowed sharply to12.5 percent last year amid the economic downturn.

Sales in 2008 totaled 6.3 trillion yuan (920 billion U.S. dollars), with exports reaching 521.8 billion U.S. dollars, or 36.5 percent of the country's total export value.

The government announced a support plan for the industry in February. The Wednesday document made clear details of the plan.

The government will boost the industry by increasing state investment, credit support and export tax rebates, said the document.

It also pledged to expand the domestic market for the industry and encourage innovation and restructuring.

In the next three years, the country aims to achieve technological breakthroughs in strategic domains of the industry such as integrate circuits, new-type displays and software, according to the document.

For instance, revenues from software and information service sectors will take up 15 percent of the industry's total, up from the current 12 percent.

In addition, fresh growth will be cultivated in such fields as digital TVs and the new generation of mobile communications and Internet.

The government said it will vigorously promote the overseas commercial use of its domestically-developed TD-SCDMA standard for the high-speed third-generation mobile communications.

(Xinhua News Agency April 16, 2009)

Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved