Emerging Industries (Bi-Monthly Newsletter, Issue 9)

Date: Dec 2015
Emerging Industries Over the Next 5 Years
2015 marks the end of China’s 12th Five-Year Plan, during which the Chinese government invested heavily in energy efficiency, next-generation IT, biotechnology, high-end equipment manufacturing, renewable energy, new materials, and renewable-energy vehicles.
Since the Chinese economy began to cool down, the 13th Five-Year Plan is the first long-term development plan to be published, setting out a number development strategies to encourage the growth of emerging industries. China’s emphasis on emerging industries comes as no surprise, as the country has long sought to cultivate innovation-driven, organic and sustainable economic growth.
In a speech titled “Polices and Measures to Promote Strategic Emerging Industries”, Lin Nianxiu, Deputy Director of the National Development and Reform Commission, stated that accelerating the development of strategic emerging industries will not only drive China’s economic growth, but will also improve China’s international competitiveness and help the country grasp opportunities in the technological and industrial revolution. According to McKinsey, a business consultancy, there will be 12 major technological breakthroughs over the next ten years in mobile technology, the internet of things, cloud computing, advanced robotics, and genetics which are expected to produce between $14 to $23 tn worth of direct economic value each year.
New-Energy Vehicles Incorporate Innovative Internet Technology
The landscape of the auto industry is rapidly changing with the rise of smart cars running on renewable energy and integrating innovative Internet technology. These cars are expected to reshape the traditional auto industry by changing business and ownership models. An increasing number of Internet companies have begun to invest in the automobile industry, including Apple, Google, Alibaba and Tencent, who have all announced their intent to move into the manufacture of smart cars.
As renewable energy vehicles become increasingly popular and mainstream, the industry has begun to attract support from provincial and national government bodies, while both traditional automobile companies and Internet start-ups have begun ramping up their interest in new-energy vehicles. According to industry insiders, national and provincial government bodies can support new-energy vehicles by creating a venture capital fund, securing office space, attracting talent, and enacting preferential policies. The government could introduce policies to encourage venture capitalists and angel investors to invest in new-energy automobile companies.
Ethanol Fuel to Help Alleviate Food Safety Concerns
In a speech delivered at the “Practices and Outlook of Ethanol Fuel Sector: Linking the Agricultural, Energy and Environmental Sectors” seminar organized by China Economic Weekly, Yue Guojun, Chief Engineer of COFCO Corporation, stated that using ethanol as a fuel is a practical way to reduce waste in China’s food supply.
Ethanol production has long been criticized for requiring a large amount of grain. To address these concerns, experts have explained that the grains in question are inedible by humans or animals, including rotten or polluted grains. By eliminating them from the food supply, the ethanol industry is helping to improve food safety and make practical use of grains which would otherwise be waste. China currently disposes about 20 million tonnes of grain annually, accounting for 3% of the total grain supply.
In recent years, many countries have begun to promote the use of ethanol, and China has a potentially bigger market than that of the leading ethanol fuel producers (USA and Brazil)?
Eye Control Technology: Free Your Hands
In the early days of the PC, when users could only use a keyboard, the cursor mouse sparked the first revolution in human-computer interaction, followed by the sound control and touch pads. Today the emergence of eye control technology is sparking yet another revolution, enabling functions unattainable through other means. For example, users cannot draw a picture of a person through sound control, but could draw a curve with their eyes.
Eye control technology is already widely used in industrial control, robotics, clinical medicine, and by the disabled or handicapped. With the upsurge of wearable devices, companies have begun to explore eye control technology for everyday use by the general public. Examples include cameras equipped with eye-controlled focusing and eye-controlled devices to replace the mouse and keyboard.
The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.