State‑Council Executive Meeting Defines Six Emerging Pillar Industries, Targeting RMB 10‑Trillion Market Scale by 2030

Blueprint for Six Emerging Industries: How China Maps Out RMB 10‑Trillion New Economic Tracks

On July 10, Li Qiang, Premier of the State Council, chaired an executive meeting of the State Council focused on fostering emerging pillar industries. Xinhua News Agency released an official dispatch, formally identifying six emerging pillar industries: integrated circuits, aerospace, biomedicine, low‑altitude economy, new‑type energy storage, and intelligent robots中国日报网. According to authoritative estimates, the total domestic output value of these six industries neared RMB 6 trillion in 2025. At the current pace of industrial expansion, their overall market size is projected to exceed RMB 10 trillion by 2030. A RMB‑10‑trillion industrial wave covering high‑end manufacturing, computing power, energy, aviation, healthcare and robotics has officially unfolded.

All 31 provincial‑level regions across China have issued their respective outlines for the 15th Five‑Year Plan (2026‑2030). Reporters from China Securities Journal have sorted out that over the next five years, local authorities will leverage their industrial foundations and comparative strengths to build clusters of emerging pillar industries, and proactively plan for future industries including quantum technology, hydrogen energy and nuclear fusion energy. Regions will scale up support for industrial development by establishing pilot zones for future industries, growing venture capital, and cultivating and opening application scenarios.

Growing Emerging Industries

Zheng Zhajie, Director of the National Development and Reform Commission, previously outlined China's priority six emerging pillar industries: integrated circuits, aerospace, biomedicine, low‑altitude economy, new‑type energy storage, and intelligent robots.

These sectors feature prominently in many provincial 15th Five‑Year Plan outlines. Multiple regions explicitly aim to build hundred‑billion‑yuan and trillion‑yuan industrial clusters as they expand emerging industries. For instance, Guangdong proposes to scale up emerging industries such as new energy, new materials, intelligent connected vehicles, intelligent robots, pharmaceuticals and medical devices, aerospace, integrated circuits, low‑altitude economy and biomanufacturing. It will nurture more emerging pillar industries and foster additional trillion‑yuan and hundred‑billion‑yuan industrial clusters. Shandong plans to expand hundred‑billion‑yuan emerging potential industries including artificial intelligence, biomedicine, new‑energy vehicles, aerospace and low‑altitude economy.

Overall, emerging industries boast enormous growth potential for the coming five years. According to Zheng Zhajie, preliminary calculations show the output of the six emerging pillar industries reached nearly RMB 6 trillion in 2025, and is expected to double or more to surpass RMB 10 trillion by 2030.

Some local authorities emphasize distinctive industrial layouts aligned with local endowments. Hubei, for example, commits to elevating emerging‑industry capacity, achieving breakthrough progress in the optoelectronic‑information sector, building a "World Capital of Storage", cementing its pre‑eminent position in optoelectronic information, and driving East‑Lake High‑Tech Zone toward becoming a trillion‑yuan‑scale "World Optics Valley". Gansu aims to develop a comprehensive commercial spaceport, forming a commercial‑aerospace development pattern dubbed "rockets in the west, satellites in the east with multi‑pillar support", led by commercial‑rocket industries in Jiuquan‑Jiayuguan area and commercial‑satellite supporting industries in Lanzhou.

Lin Xipeng, analyst at China Merchants Securities, commented that eastern provinces draw on geographic advantages and industrial foundations to build globally influential sources and highlands of industrial innovation. Central provinces capitalize on their east‑west bridging location and industrial base to pursue breakthroughs in equipment manufacturing, electronic information and other fields. Western provinces closely align industrial strategies with abundant energy and ecological resources, targeting national strategic needs to translate resource advantages into industrial strengths.

Forward‑looking Layout for Future Industries

Future industries refer to forward‑looking emerging sectors driven by cutting‑edge technologies, currently in incubation or early‑stage commercialization. Many provinces have explicitly pledged to proactively plan for and accelerate future‑industry development to cultivate fresh economic growth drivers.

Regions are targeting tracks such as quantum technology, hydrogen energy and nuclear fusion energy, brain‑computer interfaces, embodied intelligence, and 6G communications, and defining key technological breakthroughs based on comparative advantages.

Anhui focuses on quantum‑computing frontiers including superconductivity, photonic quantum systems, neutral‑atom and ion‑trap technologies, and speeds up R&D of dedicated full‑stack quantum computers. It advances the engineering of nuclear‑fusion research, makes breakthroughs in core engineering technologies such as fusion core fuel feeding, and develops equipment including large‑scale superconducting magnets, ultra‑high‑vacuum chambers, divertors and helium refrigerators. Fujian supports R&D of new solid‑state batteries, sodium‑ion batteries, flow batteries and fuel cells to sustain global leadership.

Experts advocate differentiated, location‑specific development of future industries. Shan Zhiguang, Director of the Informatization and Industrial Development Department at the State Information Center, argues for a development pattern featuring eastern leadership coupled with distinctive progress in central and western regions. Innovation‑intensive regions including the Beijing‑Tianjin‑Hebei area, Yangtze River Delta and Guangdong‑Hong‑Kong‑Macao Greater Bay Area enjoy prominent strengths for incubating future industries, with rich science‑education resources, complete industrial supporting systems and vibrant market entities. Central and western regions should identify clear positioning, highlight local features, build on traditional‑industry foundations and unique application scenarios, avoid blind imitation and over‑ambitious goals, concentrate on niche segments and cultivate comparative advantages.

Policy Support to be Intensified

Cultivating emerging and future industries requires sufficient factor guarantees. Local governments will ramp up support via policies, capital and real‑world scenarios.

Building pilot zones for future industries has become a common priority across regions. Jiangsu plans to establish a provincial collaborative cultivation system for future industries, accelerate pilot agglomeration for future‑industry pioneers, and strive for national‑level future‑industry research institutes and pilot zones. Zhejiang targets 60 future‑industry pilot zones by 2030.

Meanwhile, many provinces mention developing venture capital to channel financial capital toward tech enterprises. Beijing will leverage national venture‑capital guidance funds, encourage more central SOEs to set up VC funds in the city, and develop high‑quality international venture‑capital agglomeration zones. It will improve exit channels for venture capital, attract national M&A funds, guide chain‑leading enterprises and equity institutions to launch M&A funds, vigorously develop private‑equity secondary funds (S‑funds), and support tech‑focused enterprises to go public.

Yuan Haixia, Dean of China Chengxin International Research Institute, suggests establishing mechanisms for future‑industry investment and risk‑sharing, and expanding the fiscal‑fund reform of "grant‑to‑equity" which converts non‑repayable subsidies into equity investment. Bank‑enterprise risk‑sharing frameworks should be constructed to direct long‑term capital toward early‑stage sci‑tech projects. National demonstration bases for emerging‑industry development should be created to scale up the application of technical achievements, with special attention paid to strategically‑emerging sectors that have completed technical verification, mature business models and scalable expansion capacity.

In addition, local authorities will accelerate large‑scale demonstration deployment of new technologies, products and scenarios. During the 15th Five‑Year Plan period, Shandong aims to build around 30 nationally influential super‑scenarios and roll out roughly 200 benchmark demonstration scenarios. Hunan guides SOEs and leading enterprises together with upstream‑downstream partners to open application scenarios in a targeted manner and promote full‑chain scenario openness. Pilot bases for intermediate testing and concept‑verification centers are encouraged to build early‑stage application platforms to validate new technologies and products.