Full Text: Report on China's economic, social development plan(16)

5. We will accelerate economic restructuring, and make development more sustainable and cost-effective.

1) We will accelerate the cultivation and development of strategic emerging industries and high-tech industries. In 2012, a total investment of 7.5 billion yuan from the central government budget will be allocated to support independent innovation and the development of strategic emerging industries. We will put in place a sound mechanism for industrial technology innovation led by enterprises; implement the plan to develop strategic emerging industries and the plan to improve independent innovation capacity; formulate and promulgate a guiding list for key products and services of strategic emerging industries; organize the implementation of a number of major industrial innovation programs as well as application and demonstration projects; work harder to implement the venture capital plan for emerging industries; and intensively carry out national pilot projects for innovative cities. We will improve development and sharing of information resources and become better able to ensure information security. We will implement the National Broadband Internet Agenda; launch a project to increase broadband speed and a promotional plan for the commercial use of next-generation Internet; push forward demonstrations on using the Internet of Things; and develop national pilot programs and demonstrations for IT promotion in areas such as medicine and health, and workplace safety. In 2012, spending on R&D as a percentage of GDP will reach 1.92%.

2) We will transform and upgrade traditional industries. In 2012, we will allocate 16 billion yuan of investment funds from the central government budget, one billion yuan more than last year, to support the revitalization of key industries and the upgrading of their technologies. We will press ahead with trans-regional, cross-industry and cross-ownership mergers and reorganizations in industries such as coal, steel, cement, non-ferrous metals, petrochemicals, equipment manufacturing, shipbuilding and motor vehicles. We will encourage and support development of the real economy. We will promulgate and implement the plan for allocation of the productive forces and restructuring in key industries. We will support the key projects of industrial restructuring. We will continue to eliminate backward production facilities in accordance with the law. We will give impetus to changing the way energy is produced and used, and accelerate the development of modern energy industry and a comprehensive transportation system. In 2012, we will put into operation 6,366 kilometers of new railway lines, open 100,000 kilometers of new highways to traffic, and put into service four new civilian airports; and hydroelectric power will increase 56 billion kilowatt-hours, and nuclear electric power, 10.7 billion kilowatt-hours.