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China’s Policies To Promote Life Science Industry

This article was originally published in PharmAsia News

Executive Summary

National Development and Reform Commission officials revealed at a recent China Bioindustry Convention that it and 19 other departments have jointly drafted policies on boosting China bioindustry development. Pending approval from the State Council, the policies revolve around incubating life sciences firms at initial start-up phase and developing those in the expansion stage. The document proposes measures for the industrial structure, investment and fundraising, finance and tax, market environment, talent and biological safety to boost the industry. Meanwhile, the draft also takes into consideration practical application to ensure implementation. (Click here for more - Chinese Language)

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