China to Focus on New Economic Pillars

Chinese people born in the 1980s were taught that China’s pillar industries are in the auto, construction, mechanical, electrical and petrochemical sectors, but the government is hoping that later generations learn something else.

The Chinese government is speeding up efforts to increase the proportion of emerging sectors in the country’s economy. It expects that when the children of the post-80s generation start school in a few years, they can learn about four new pillar industries — energy conservation and environmental protection, new-generation information technology, bio-tech industry and high-end equipment manufacturing.


via Xinhua

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza