I learned from the “Endeavour 15” series of press conferences held by the National Development and Reform Commission today that at present, China's emerging pillar industries are already quite large, with an output value close to 6 trillion yuan last year. R&D investment is growing rapidly, new technologies and products are constantly emerging, and the scale of the industry is increasing. In the first three quarters of this year, integrated circuit production reached 442.8 billion blocks, an increase of 23.3% over the previous year; innovative pharmaceuticals authorized foreign technology of about 130 billion US dollars, which is close to the level of the full year of last year. By the end of the 15th Five-Year Plan, the output value of emerging pillar industries is expected to double to reach more than 10 trillion yuan, becoming an important force supporting high-quality economic development.

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