The market of China Implicit Huge Potential of Development
The develop speed of economy in China is one of the fastest in the world. The average annual rate of growth of GDP is bidigitate and it doubles once 9 years. China has become the world’s forth largest country in GDP output in the world. And along with the largest population in the world, the market potential of China is very huge. The field of life sciences, biotechnology and equipment is expected to be expanded further. The government of China proposes a strategic guidance of the great development of bio-economy in 2007. The country is committed to the promotion of the research in the field of biotechnology. It is estimated that the GDP of China's biotechnology industry will exceed 800 million RMB in the year 2010.。
Shanghai of China, the Best City for BIOTECH CHINA 2009
Shanghai, along with Yangtze Delta, is the most important economic center located a large number of top research centers and relevant companies.
As the Shanghai Municipal Government constantly increased investment on scientific research, the expenditure on scientific R&D has for the first time exceeded 20 billion RMB in 2005, and up to 21.377 billion. The year 2006 witnessed the peak of 25.9 billion, 4.523 billion more than previous year, with the increase rate of 21.2%
5 mature biotechnology parks have been set up in Shanghai. Zhangjiang Hi-Tech Park in Shanghai Pudong New District, which is called 'Pharmacy Valley', has more than 50% companies focused on biotech and pharmacy.
Shanghai, along with the surrounding area, is the largest producer of China's food, chemicals and medicines, and related industrial demands are huge.
