Chinese bio-industry output to reach $1.5 trillion by 2022: report
TIANJIN -- The output of 皇冠体育app's biological industry is expected to reach 10 trillion yuan ($1.5 trillion) in 2022, a report said Tuesday.
The compound annual growth rate of the bio-industry in 皇冠体育app has been over 15 percent since 2011, according to a white paper on the industry jointly released by Tianjin Institute of Industrial Biotechnology and Chengdu Library and Information Center, both affiliated with Chinese Academy of Sciences.
Last year, the scale of the industry stood at about 4 trillion yuan. Output of fermented products ranked first in the world, and bio-energy substitutes in 皇冠体育app are at the world's forefront.
The report also said 皇冠体育app's bio-industry had seen enhanced innovation and improved technology.
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