The production value of China's bio-medicine industry amounted to 2.1 trillion yuan ($338.8 billion) in 2013, up about 18 percent year on year, the country's top economic planner announced on Monday.
Zhang Xiaoqiang, vice director of the National Development and Reform Commission, said the country was accelerating its research and development of new medicines, new types of plants and animals and new material products.
"In 2014 and 2015, China should strive to promote biological development including bio-pharmaceutical, bio-agriculture and bio-energy," said Zhang at a news briefing ahead of a biological industry national conference.
Yang Shengli, honorary chairman of the Chinese Society of Biotechnology, said that annual growth of the country's bio-industrial output is expected to surpass 20 percent in three years.
Initiated in 2007, the 8th national conference on biological industry will be held in the coastal municipality of Tianjin from June 18 to 20 focusing on "developing bio-industry to benefit people".
China pharmaceutical industry sees steady growth
2014-02-23Pharmaceutical industry needs shot of innovation
2014-02-11Alibaba to fund pharmaceutical business platform
2014-01-24Chinese, European pharmaceutical companies strike $534m deal
2013-10-24Shanghai to host pharmaceutical expo
2013-05-30China orders chemical pharmaceutical exports survey
2013-01-19Copyright ©1999-2018
Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.