China will increase the output of advanced new materials by 25 percent annually to 2 trillion yuan ($313 billion) by 2015, the Ministry of Industry and Information Technology said on Wednesday.

The target figure is about 5 percent of China's 2010 gross domestic output, the financial news website Caijing.com reported.

New material is expected to be one of the leading industries in China by 2020, as the country plans to beef up investment and offer tax incentives to pursue a more technology-driven and low-carbon growth.

China's new material industry was valued at 650 billion by the end of last year, up 20 percent from 2005.

By Sun Yuanqing