As reported in Reuters, China's Ministry of Industry and Information Technology said that the government plans to invest $1.5 trillion over the next 5 years in its top 7 high tech industries - which includes biotechnology. This grouping is expected to grow at a 24.1 CAGR over the next 4 years and at 21.3 CAGR for the subsequent five. The investment is meant to grow these industries contribution to national GDP from 4 percent of the total now to 8 percent by 2015 and 15 percent by 2020.
Posted by Bruce Lehr December 9th 2010.
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