Jiangsu province has been developing its 10 key strategic emerging industries since the 12th Five-Year Plan (2011-2015) by implementing innovation-driven development strategies and plans for advancing emerging industries. It has made great achievements in recent years.
The 10 industries are new energy, new materials, biotechnology and new medicine, energy conservation and environmental protection, next-generation information technology and software, the internet of things (IoT) and cloud computing, high-end equipment manufacturing, new energy vehicles, smart grid, and marine engineering equipment
Sales revenue from these sectors in 2015 exceeded 4.5 trillion yuan ($652.22 billion), 2.2 times that of 2010 and accounting for more than 30 percent of output value by industrial enterprises with an annual output value above 20 million yuan. Investment in strategic emerging industries exceeded 100 billion yuan, accounting for more than 40 percent of the province's total.
The number of high-tech enterprises in Jiangsu province surpassed 10,000, of which 70 percent were related to strategic emerging industries. Of all the 275 Shanghai- and Shenzhen-listed companies in Jiangsu, 40 percent were enterprises in strategic emerging industries. The proportion of emerging industrial enterprises of the 126 major enterprises with sales of over 10 billion yuan exceeded 60 percent.
More than 60 percent of the output value of emerging industries was based in development zones, industrial bases and demonstration bases, and this helped to form several industrial clusters with output value over 100 billion yuan.
The clusters have strongly supported industrial transformation and upgrading, and become a new kinetic energy for Jiangsu's economic development.
In the first half of 2017, the 10 strategic emerging industries made 2.5 trillion yuan in revenue, a year-on-year increase of 11.5 percent. The income of high-end equipment manufacturing reached 146 billion yuan, increasing by 14 percent.
From January to May 2018, the output value of the strategic emerging industries maintained double-digit growth, accounting for 43 percent of that of industrial enterprises with an annual industrial output value above 20 million yuan.