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In 2010, the capital markets of emerging industries preference for Canada, relatively isolated traditional industries. From the introduction of the national industrial policy, emerging industries mentioned frequency is relatively higher. Entered in 2011, the new theme emerging industries is still sought after access to capital markets, traditional industry stocks despite some price-earnings ratio is very low, but still does not appear large repair market.

When the subject matter for speculation emerging industries are increasingly scarce, and has been sufficiently promising “emerging” stock prices are sky high, the market eventually will inevitably fall into a tangle of state: “expensive” and “emerging” stock and not dare to buy “cheap” and “traditional” stock. This is precisely reflect the market for emerging industries and traditional industries expected future fuzzy. This is determined by the particular stage of development of the Chinese economy which.

There is no denying that China’s economy is a profound transformation occurred, emerging industries will support the future development of China’s economy, traditional industries, it is difficult to leapfrog growth. Emerging industries, however, find it difficult to play the role of the pillar industries in the short term as a market who alleged the country was to make the seven strategic emerging industries, precisely because of any emerging industry are hard to replace real estate, automobiles, etc. important traditional industries.

In a transition stage, emerging industries for rapid development, should rely on the efforts of the business people, support tax cuts, investment in boosting endures combined with traditional industries – the development of new industries leveraging the transformation and upgrading of traditional industries two promote each other and complement each other.

Development of emerging industries does not mean to reinvent the wheel, while the traditional industries aside. The rise of energy saving and environmental protection industry, for example, precisely because of the traditional industries, the demand for energy saving, stimulating the development of energy saving and environmental protection industries, such as desulfurization the denitration industry leading service is the petrochemical, iron and steel, electric power industry giant.

From traditional industry perspective, limited room for growth does not mean that development stalled, such as the steel industry is not only the production of traditional steel, should also produce a high-quality special steel and other high-end metal material. Of traditional industries such as petrochemicals, non-ferrous metals, textile products have a high-end and low-end points, including the high-end products can not say no to the emerging industry.

The recommendations of the CPC Central Committee on the Formulation of the 12th Five-Year Plan for National Economic and Social Development “, the development of a modern industrial system, improve the core competitiveness of industries, including transform and upgrade the manufacturing industry, foster the development of strategic emerging industries, accelerate The development of the services sector, to strengthen the modern energy industry and the construction of an integrated transport system, and comprehensively improve the level of information, development of marine economy. Shows that nurture new industry is just one aspect of the modern industrial system, the traditional industry does not like the performance of the capital markets did little bright spot.

Currently, emerging industries “12th Five-Year Plan is being developed or continue to improve. The relevant departments should be conscious of emerging industries and traditional industries combined, both to promote the development of new industries, but also promote the transformation and upgrading of traditional industries, which is consistent with the general law of industrial growth.

Really have a capital markets for emerging industries and traditional industries is expected, it should become clearer.