Center

Biotech industry's first five-year plan

(chinadaily.com.cn)
Updated: 2007-05-11 17:09

The Council Office has announced itsfirst five-year planon biotech industry. The aim is to achieve a goal of 500 billion yuan (US$65 billion) in 2010, and 2 trillion yuan by 2020.

In the five-year plan of the biotech industry, the focus area will be biomedicine, bio-agriculture, bio-energy and bio-manufacturing, according to theShanghaiSecurities News..

To reach this high goals, the plan has four detailed objectives. The first is to initially form a supporting system to help developthe biotech industry. The second is to enhance innovation. The next objective is to optimize and upgrade the industry’s structure. And finallyto expand the the biotech industry output.