Military industries encouraged to produce more civilian products

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Last updated at: (Beijing Time) Thursday, October 30, 2003

Military industries encouraged to produce more civilian products

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Military industries, with their advanced science and technologies, should play an increasingly crucial role in bolstering the development of the national economyas well as in upgrading and updating traditional industries, said a senior official.

The government has shifted its emphasis in military industries to manufacturing more products for civilian use since late 1970s and they have developed their own processes for research and development of civilian products after 20 years of growth, said Zhang Yunchuan, minister of the State Commission of Science, Technology and Industry for National Defense.

Statistics from the commission indicated that, from January to September, sales revenues of civilian products made by military industrial enterprises topped 85.9 billion yuan (10.35 billion US dollars), up 37.5 percent compared with the figures for the same period last year.

To date, 34 military industry enterprises have been listed on the market, according to Zhang.

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