Abstract:During the 14th Five-Year Plan period, the development of the emerging industries of strategic importance enters into a new stage and starts a journey from a brand new starting point. The development of the emerging industries should fully utilize their supporting and protecting roles to the transformation of an economic society, their pioneering and leading functions to innovation-driven development, and their positive impact on expanding employment and encouraging entrepreneurship. Hence, it helps China to elevate overall industry competitiveness, comprehensive economic power, and international division of work. This study conducts profound analysis on the rule of development, as well as the future growth trend of emerging industries of strategic importance. It illustrates issues in the six major aspects of the emerging industries, namely, innovative development, digital transformation, fundamental capability, service system, policy research, and international competition.