Private businesses expand role in emerging industries

The overall size of China’s strategic emerging industries significantly expanded in the past two years, said China's strategic emerging industry development report 2014.

At the same time, private business accounted for more than 70 percent of the seven strategic sectors of emerging industries.

The broad footprint of private businesses enhanced the vigor and the driving force for the development of the sectors, including energy saving and environment protection, new energy and biotechnology.

China has been establishing international influence and competitiveness centering on industries including 4G, new generation vaccine and satellite applications, said the report.