Xiamen has recently released its development plan for strategic emerging industries as a part of the Fourteenth Five-year Plan. In the plan, proposals are made to fully boost the development of "5+X" key sectors, foster the next-generation information technology industry as a backbone; strengthen two emerging leading industries, i.e. the biomedicine & health industry and the new material & new energy industry; develop digital innovation and marine high-tech industries as two characteristic landmark industries. Also, advanced arrangements have been made for several sectors, including flexible electronics, third-generation semiconductors, aeronautics and astronautics, intelligent manufacturing equipment, precision medicine, and green low-carbon technologies. The goal of Xiamen before 2025 is to achieve a total volume of strategic emerging industries exceeding RMB 1000 billion, which accounts for one fourth of gross regional product and with industrial added value exceeding RMB 250 billion. The added value of high-tech industries above the designated scale is expected to account for 45 percent of that of all industries. The ratio between R&D expense and GDP is expected to hit 3.5 percent, and the amount of national-level high-tech enterprises is supposed to reach 3500.
