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China Unveils Stimulus Measures for Biological Industry
ETCN 2009-05-11
The State Council, China's cabinet, has publicized measures to boost biological industry, said an announcement posted on China's central government website Friday.

The measures, Policies to Accelerate Biological Industry Growth, consist of 33 items in ten parts, involving targets of the policies, key fields in biological industry, technology innovation, attracting talents and providing fund support.

The new policies have been made to implement China's medium- and long-term bio-industry development plan and the 11th five-year plan for biological industry growth, said the announcement posted on www.gov.cn.

The measures aim to foster bio-industry as a pillar industry in high technology and a booming strategic industry in China, the announcement said.

The key fields for modern biological industry include bio-medicine, bio-agriculture, bio-energy, bio-products and biological environmental protection technology.

ETCN Comments:
The implementation of the measure will accelerate biological industry growth and improve bio-industry as a pillar industry in high technology and booming strategic industry in China. At the same time, it brings new opportunities for the oversea enterprises in bio-industry to export new technologies to China.
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