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Policies On Boosting China’s Bioindustry To Be Out This Year

This article was originally published in PharmAsia News

Executive Summary

China's National Development and Reform Commission will progressively issue a series of implementation regulations on policies to boost local bioindustry development. It aims to accomplish the following four tasks in the short term: (1) speed up improvement of taxation policies and financing for the bioindustry to foster the biotechnology market; (2) enhance the industry's capability of independent innovation and promote bioenterprise cluster development; (3) continue to organize the implementation of major special projects for the industry; and (4) have the national expert consultation committee fully execute its function of developing the bioindustry to prepare for the 12th five-year plan. (Click here for more - Chinese Language)



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