During the 14th Five-Year Plan period (2021-2025), which wraps up this year, the Chinese mainland's bio-manufacturing industry has seen a major glow-up 🔬🚀.
According to the Ministry of Industry and Information Technology, the sector hit a total scale of 1.1 trillion yuan (about $156.2 billion) by 2025, with bio-fermentation output making up over 70 percent of the global market. Sub-sectors like food additives and bio-pharmaceuticals each surpassed an annual output value of 400 billion yuan 📈.
Innovation has been lit: the Chinese mainland now accounts for over 20 percent of global patent applications in bio-manufacturing. New high-throughput gene sequencers, large-scale fermenters and other cutting-edge equipment rolled out from national labs and industrial platforms straight into factories ⚙️.
On the business front, several backbone enterprises have topped 10 billion yuan in annual revenue, and little giant companies are leading niche fields with next-level tech and big growth potential 🌱.
To support up-and-comers, nearly 40 pilot-scale capacity-building platforms and a wave of high-quality incubators have been set up across regions, fueling the next generation of bio-manufacturing champs 💡.
As the plan wraps up, the stage is set for the Chinese mainland's bio-manufacturing to keep soaring. Stay tuned for what comes next! 🚀
Reference(s):
China's bio-manufacturing makes steady progress in 2021-2025 period
cgtn.com
