The Twelfth Five-Year Plan will focus on the development of independent intellectual property new materials industry

Recently, the relevant person in charge of the National Development and Reform Commission stated that the "12th Five-Year Development Plan for New Materials Industry" jointly formulated by the National Development and Reform Commission, the Ministry of Industry and Information Technology and other departments will be released soon. It emphasizes that during the "12th Five-Year Plan" period, China will focus on independent innovation and vigorously develop new material industries with independent intellectual property rights.

According to reports, according to the above plan, China will establish a special fund for the development of new material industries during the “12th Five-Year Plan” period, and increase support for the new materials industry. Establish a sound investment and financing guarantee mechanism and encourage and support private capital to invest in new material industries. The goal is to establish a new material industrial system with independent innovation capability, large scale, complete industrial support, and independent intellectual property rights by 2015.

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