Storyline Tech-driven emerging industries fuel China's innovation engine [Voice_over] In China, rapid developments in emerging industries like AI, renewables and advanced equipment are powering the country's shift on the global stage from imitator to innovator. Sectors like these and others that are driven by technological breakthroughs in science and innovation, are considered, quote, "new racing tracks" of development that will give companies lots of immediate and wide-ranging growth opportunities. The 2025 China New Arenas Development Report released in late March reveals that the country's emerging industrial landscape has now formed six major directions, 28 primary fields, and 103 new racing tracks. [Sound_bite] Wu Wensheng, Director, Great Wall Enterprise Institute: "We are witnessing rapid development of hard technology on new racing tracks in this direction. Artificial intelligence has empowered hundreds or thousands of sectors, giving rise to the formation of quite many new tracks. There have emerged quite many new tracks for digitalized transformation and upgrading of traditional industries. Tech startups and private innovative firms are the main players on these emerging tracks." [Voice_over] Major Chinese cities like Beijing, Shanghai and Shenzhen are playing active roles in cultivating these emerging new tracks. In Hangzhou, the city's Six Dragon tech company cluster, that includes DeepSeek, has become a model for other cities. [Sound_bite] Wu Wensheng, Director, Great Wall Enterprise Institute: "The various regions and cities, in keeping with the characteristics of their resources endowment, are participating in competitions on these emerging tracks, which in turn will further elevate the overall development level of these new tracks. By means of optimizing our innovation ecosystems and further enhancing systemic supply for the operation of pilot programs on these new tracks, we aim to attract entrepreneurs and scientists from around the world to China to join our development on the new tracks, which will enable us to play a greater role in leading development on these emerging new tracks." [Voice_over] According to a recent report from global market research firm International Data Corporation, China's AI market is expected to be valued at more than 26 billion U.S. dollars by the end of next year. [Restrictions : No access Chinese mainland]