Biotech industry's first five-year plan
The Council Office has announced its first five-year plan on 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 the Shanghai Securities 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¬°¬Įs structure. And finallyto expand the the biotech industry output.