According to the development strategy of State-owned enterprises (SOEs) of the 11th Five-Year Plan (2006-2010) formulated by Shanghai recently, Shanghai will improve SOEs' independent innovation capacity and international competitiveness in a big way and overall economic quality in order to boost its economic growth to the maximum by scientific and technological innovations rather than by the increase of resources and wealth, reports the International Finance News on August 25.

During the 11th Five-Year Plan period, Shanghai will further make large state-owned groups play a leading role in its industrial development so that Shanghai's industry will achieve the shift from the "adjustment in the development'' to "improvement in the development'', which is learned at the "Working Conference on the Shanghai Development Strategy of the State-owned Enterprises'' convened on August 24.

The central contents will lie in boosting enterprises' independent innovation capacity and international competitiveness in an all-round way. The strategy will be put into practice the concrete actions of driving forward big industries and building large projects and bases.

There are six key points for the strategic program: first, maintain the competitive advantages of auto industry by making a breakthrough in new energy vehicles; second, there will be pragmatic measures for the industrial base of port equipment; third, strive for the implementation of the follow-up projects for the chemical industrial zone with all efforts; fourth, ensure the rapid enlargement of flat panel display industry; fifth, accelerate the optimization and adjustment of iron and steel industrial structure; sixth, actively support the industrial development of solar-energy photovoltaic batteries.

By People's Daily Online