Jilin expects 'industrial boom' from innovation and upgrading

Northeast China's Jilin province will experience an "industrial boom" driven by the country's initiative to promote innovation and upgrade industry, officials said.

Jiang Youwei, vice-governor of Jilin, said that innovation and upgraded technologies will help drive growth in sectors such as biopharmaceuticals and e-commerce, which will also help create more jobs.

By 2020, Jilin aims to develop its biopharmaceutical industry to reach a market value of 530 billion yuan ($81.5 billion), accounting for 7 percent of the total GDP of the province.