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Bio-industry strive for 35 years for 20% growth
Aug 23, 2016

On February 6, the head of the national development and Reform Commission about details of the bio-industry development plan, the plan proposed by 2020, biological industry will become a pillar industry of the national economy. Target is 2013-2015, bio-industries the average annual growth rate of above 20%. By 2015, the bio-industry value added as a proportion of gross domestic product by 2010, and industrial added value was significantly improved.

In this regard, industry insiders said, in the country's strong support, the departments and the local Government will emerge to support policies and measures. After Beijing, through the implementation of the promotion of bio-medicine industry development of Beijing financial incentive pilot schemes and management of work, implementation of a pilot bio-industry enterprises to solve financing problems, butt banks and enterprises still need to continue to improve.

Industry researcher believes that in future there will be more support measures in support of the policies, highlights of the biological industry will become a new driving economic growth, projected for the years 3-5, with an average annual growth rate will remain at more than 20%.

Data show that, of the biotechnology industry's annual production value to 22.9% range is growing fast.

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