ChinaBio(R) LLC Release: China's State Council Issues Bio-Industry Development Plan

by Richard Daverman, PhD, and Henry Ye

February 1, 2013 -- In early January, the State Council of China issued a Bio-industry Development Plan, which covers seven major bio-industries, one of which is biopharma. A major goal of the plan is to transform the entire bio-industry into a pillar industry of China’s national economy by 2020. Over the shorter term, from 2013 to 2015, the average annual growth rate for bio-industry will maintain its better-than-20% annual increase. More details....