BEIJING, Sept. 29 (Xinhua) -- China's largest city
Shanghai posted a GDP growth of 13 percent based on a rise of 9.6 percent in
fixed assets investment in the first half of 2007, thanks to the strategic
adjustment of economic structure, statistics from the municipal government show.
The tertiary industry contributed more than 50
percent of the city's total GDP in the first six months, a rise of 14.1 percent
from a year earlier.
Technological and systematic innovation is to play a
leading role in motivating fast economic growth, the first time since China
adopted the opening up policy nearly three decades ago, said Chen Xian, an
economist with the Shandong Provincial Academy of Social Sciences.
In the past years, many places in China achieved
economic growth driven by increase in investment and resources consumption,
which caused great pressure on the environment.
China has made it a strategic task to build a
resource-conserving and environment-friendly society to achieve economic and
social development.
East China's Shandong Province has given priority to
the development and manufacturing of 100 kinds of products during the 11th
five-year program period (2006-2010), with the purpose of boosting advanced
manufacturing industries such as electronics information, bioengineering and new
materials, among others.
The provincial government earmarked 250 million yuan
(about 33 million U.S. dollars) to finance the first batch of 62 programs
involving industrial adjustment in 2006 to boost technological innovation in
local enterprises.
The Shandong-based electronic firm Hisense developed
the second generation of a digital video transact chip "Xinxin", the application
of which reduced the annual production cost by more than 20 million yuan (about
2.7 million U.S. dollars).
Hisense is the first Chinese mainland TV producer to
master core technologies and possess proprietary intellectual property rights.
With more core technologies in hands, local
enterprises in the Pearl River delta in south China have contributed
significantly in optimizing the structure of local industries.
Guangdong Province, known for fast economic growth
driven by labor-intensive and light industries in the early 1990s, has entered a
new round of development, with auto making, petro-chemical, ship-building, iron
and steel, and information technology industries becoming new forces driving
local economic development.
Guangdong posted a GDP of more than 2.59 trillion
yuan (about 345 billion U.S. dollars) in 2006, ranking the first on the Chinese
mainland.
Jiangsu Province in the east is also among the
coastal regions which pursue fast economic growth via science and technology
advancement.
The province's expenditure on science and technology
development rose by 63.7 percent in the first half of this year, and currently
more than 50 percent of its economy benefit from technology progress.
From January to May, the provincial government
granted patent rights to 11,610 products, up 73 percent on last year.
"Pursuing economic development through innovation is
a reflection of the scientific concept of development," said Zhang Weiguo,
director of the Institute of Economics under the Shandong Provincial Academy of
Social Sciences.
China has set a goal of raising the contribution to
economic growth by science and technology advancement from 39 percent to more
than 60 percent in 2020.