China releases 5-year development plan for electronic information manufacturing sector

China recently issued a development plan for the electronic information manufacturing industry during the 15th Five-Year Plan period (2026-2030), saying that the sector will play a pivotal role in the global industrial landscape.

By 2030, industrial firms in the sector with an annual main business revenue of at least 20 million yuan (about $2.96 million) should see their combined revenue surpass 30 trillion yuan, according to the plan jointly issued by the Ministry of Industry and Information Technology and the National Development and Reform Commission.

In the period, a set of competitive strengths in technology and products will emerge in fields such as integrated circuits, advanced computing, consumer electronics, basic electronics and energy electronics, it said.

The plan sets the R&D investment intensity of the sector at 3.5 percent, with the application penetration rate of new-generation intelligent terminals expected to rise significantly.