In 2010, the capital market of burgeoning industry is preferred, traditional industry completely left out in the cold. From the national industrial policy, emerging industries mentioned frequency is relatively higher. In 2011, emerging industries in the new theme still obtains capital market and pursued, although some traditional industry stock earnings ratio is very low, but still did not appear big repair market.
When the new industry for the subject of speculation for increasingly scarce, and has been fully valued " emerging" stock prices were and step back, the market eventually will inevitably fall into a tangled state:" expensive"" emerging" stocks and" cheap" and " traditional" stocks to buy. This reflects the market for the burgeoning industry and traditional industry future expectations of fuzzy. This is Chinese economy at present, by the particular development stages of the decision.
Admittedly, Chinese economy is undergoing a profound transformation, burgeoning industry will support the future development of China's economy, traditional industry appears hard span type grows. However, the emerging industry is in hard short-term inside play the role of pillar industry, as a market personage says, countries should put forward seven emerging industries of strategic importance, because any emerging industry are hard to replace real estate, automobile and other important traditional industry.
In the present stage of transition, burgeoning industry to get rapid development, in addition to rely on the efforts of the people, the enterprise tax support, investment external, should also be and traditional industries combined, the development of burgeoning industry can leverage the transformation and upgrading of traditional industries, both and mutual promote, bring out the best in each other.
The development of burgeoning industry does not mean to set up a separate kitchen, and traditional industry on the side. Based on energy saving and environmental protection industry as an example, it is because of the traditional industry to the energy-saving emission reduction requirements, pull the energy saving and environmental protection industries, such as desulfurization denitration industry leading companies is the petrochemical, steel, electricity and other industry giants.
From the angle of traditional industry, increase of limited space does not mean development stop, such as iron and steel industry is not only the production of traditional steel, also should produce high-quality special steel and other high-end metal materials. Petrochemical, non-ferrous metals, textiles and other traditional industries products have high-end and low-end of the high-end products, which can not be said to belong to burgeoning industry.
" CPC Central Committee on national economic and social development Twelfth Five Year Plan Suggestion" put forward," the development of modern industry system, enhance the core competitiveness of industries", including the upgrading of manufacturing industry, developing strategic emerging industries, accelerate the development of service industry, strengthen the modern energy industry and a comprehensive transport system construction, improve the information level the development of marine economy, etc.. Therefore, cultivating the emerging industry is just one aspect of modern industry system, traditional industry is not in the capital market performance as almost no window.
Current, burgeoning industry of the" Twelfth Five-Year Plan" are being developed or continue to improve. The relevant departments shall consciously emerging industries and traditional industries combined, not only can promote the development of burgeoning industry, and can lead the traditional industry to upgrade, this accords with the general law of industry growth.
If so, the capital market for the burgeoning industry and traditional industry expectations, should become clearer.