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LATEST UPDATES » Vol 22, No 10, October 2018 – Next-generation biosensors - Transforming the delivery of healthcare       » China tops world in alcohol-related deaths       » First China-developed drug for colorectal cancer approved in China       » World's first shrimp genome may reveal why females are superior       » Tetris-like program could speed breast cancer detection       » Wearable patch to monitor blood pressure inside body      
EYE ON CHINA
China's biotech industry output to exceed 1.21 trillion dollars by 2020
Aims to assist the development of China鈥檚 medical education sector

The output of China's biotechnology industry will rise to 8 to 10 trillion yuan (1.21 to 1.51 trillion U.S. dollars) by 2020, according to a report.

The added value of the biotech industry will account for over 4 percent of the country's gross domestic product (GDP) by 2020, said the report jointly published by the social development department of the Ministry of Science and Technology and the China National Center for Biotechnology Development.

As one of the most dynamic and influential industries in the 21st century, the biotech industry has become a major emerging sector of strategic importance in China, said the report.

The country is either leading the world or comparable with developed countries in some biotech fields, including super hybrid rice breeding technology and application, transgenic plant research and animal somatic cell cloning.

It is in a leading position in genetic testing. China also tops the world in the output of bio-fermented products. Biofuels have replaced the fossil fuel equivalent of over 33 million tonnes of standard coal every year, according to the report.

China's biotech product exports are rapidly increasing in volume and are being optimized in structure. Its pharmaceutical exports are shifting from active pharmaceutical ingredients (API) to preparations, said the report.

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PR NEWSWIRE  
Asia Pacific Biotech News
EDITORS' CHOICE  
COLUMNS  

APBN Editorial Calendar 2018
January:
Obesity / Outlook for 2018
February:
Searching for the fountain of youth
March:
Women in Science - Making a difference
April:
Digestive health in the 21st century - Trust your guts
May:
Dental health - The root to good health
June:
Cancer - Therapies and strategies for better patient outcomes
July:
Water management - Technologies for biotech and pharmaceutical industries
August:
Regenerative technology - Meat of the future
September:
Doctor Robot - The digital healthcare revolution
October:
Bones / Breast cancer
November:
Liver health / Top science research nations & institutions
December:
AIDS / Breakthrough of the year/Emerging trends
Editorial calendar is subjected to changes.
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