Reports from China indicate that new guidelines for industries that create new materials, such as graphene, were published. The guidelines specify that China aims for the stable supply of advanced basic materials by 2020, to provide 70% of critical and strategic new materials the country needs, while making technological breakthroughs in frontier materials, such as graphene and nanophase materials.
The material industry is considered strategic and fundamental for the Chinese national economy. China will make great efforts to improve new materials to shore up industrial development. The guidelines were jointly composed by the MIIT, the National Development and Reform Commission, the Ministry of Science and Technology and the Ministry of Finance.