The output of China’s biological industry is expected to reach US$1.5tn in 2022, reports Science and Technology Daily.<\/p>\n
The compound annual growth rate of the bio-industry sector in China has been more than 15 percent since 2011, according to a white paper jointly released by the Tianjin Institute of Industrial Biotechnology and the Chengdu Library and Information Center – both of which are affiliated with the Chinese Academy of Sciences (CAS).<\/p>\n
The industry is considered the ‘third wave’ of global biotechnology development, after medical biotechnology and agricultural biotechnology. Last year, it was worth approximately US$602bn, with China’s output in terms of fermented products ranked first in the world. Bio-energy substitutes in the country are also at the world renowned.<\/p>\n
Moreover, in 2016 a total of 11,266 research papers on the subject were published in China, with CAS, Zhejiang University and Jiangnan University emerging as the leading research and development units.<\/p>\n
Between 2014 and 2016, China’s public invention patent applications in the field of biotechnology reached 57,559, which accounted for more than 30 percent of the world\u2019s total.<\/p>\n
Beijing and the provinces of Shandong and Jiangsu were the top three patent and authorisation applicants.<\/p>\n","protected":false},"excerpt":{"rendered":"
The output of China’s biological industry is expected to reach 10 trillion yuan (1.5 trillion…<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[5796,5829],"supplier":[7471,5691,12780,13963],"class_list":["post-47581","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-biotechnology","tag-economy","supplier-chinese-academy-sciences","supplier-jiangnan-university","supplier-tianjin-institute-of-industrial-biotechnology","supplier-zhejiang-university"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/47581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=47581"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/47581\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=47581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=47581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=47581"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=47581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}