China should further step up efforts to implement the plan to adjust and reinvigorate some of the country’s key industries, according to an executive meeting of the State Council.  The meeting was chaired by Premier Wen Jiabao.  To combat the global economic downturn, China in 2009 adopted a massive plan to adjust and reinvigorate the country’s ten key industries covering cars, steel, information technology, logistics, textile, nonferrous metal, equipment manufacturing, petrochemicals, shipbuilding as well as light industry. The implementation of the plan was a long-term task which should focus on the structure adjustment and development mode transformation of the ten industries.  Source: Xinhua

BIIA Newsletter March II – 2010 Issue