Fujian Issues 15th Five-Year Plan for Emerging Industries, Targeting 35% Output Share by 2030
Fujian province has issued its 15th Five-Year Plan for emerging and future industries, aiming for strategic emerging industries to account for about 35% of total industrial output by 2030, with annual R&D spending growth of 10%. The plan targets a trillion-yuan new energy cluster, a 900-billion-yuan advanced materials cluster, and a 300-billion-yuan integrated circuit and optoelectronics cluster, while fostering hundred-billion-yuan clusters in AI, biomedicine, energy conservation, and low-altitude economy.
The Fujian Provincial People's Government has issued the "Fujian Province 15th Five-Year Plan for the Development of Emerging Industries and Future Industries." The plan sets a target that by 2030, the output value of strategic emerging industries in the province's industrial sector will account for approximately 35% of the total output value of industries above a designated size, with annual growth of 10% in total R&D expenditure.
The plan outlines the development of a trillion-yuan new energy industry cluster, aiming for the advanced materials cluster to exceed 900 billion yuan, and the integrated circuit and optoelectronics cluster to surpass 300 billion yuan. Additionally, it will foster hundred-billion-yuan clusters in artificial intelligence, biomedicine, energy conservation and environmental protection, and the low-altitude economy. The plan also seeks to cultivate several ten-billion-yuan future industry clusters in areas such as hydrogen energy and biomanufacturing, ultimately building a leading, distinctive system of emerging and future industries in the country.
Why this event matters
The event has a measured impact on 6 industrys. The strongest current signal is positive for Semiconductor Value Chain, with intensity 85/100 and 80% confidence over a long term horizon.
Semiconductor Value Chain
- Direction
- positive
- Intensity
- 85
- Confidence
- 80%
- Horizon
- Long term
Wind & Solar Power
- Direction
- positive
- Intensity
- 82
- Confidence
- 75%
- Horizon
- Long term
Batteries & Energy Storage
- Direction
- positive
- Intensity
- 80
- Confidence
- 75%
- Horizon
- Long term
Artificial Intelligence
- Direction
- positive
- Intensity
- 78
- Confidence
- 70%
- Horizon
- Long term
Basic Chemicals
- Direction
- positive
- Intensity
- 75
- Confidence
- 70%
- Horizon
- Long term
Pharmaceuticals
- Direction
- positive
- Intensity
- 72
- Confidence
- 70%
- Horizon
- Long term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.