Tuesday, December 28, 2010

Industrial Biotechnology China News 1009

Industrial Biotechnology China News 1009

China is forecasted to overtake Japan by the end of 2010 to become the second largest world’s economy.
China’s economy had been growing at a rapid pace during the last 30 years and may keep growing at a high rate in the next decade, which will lay a solid foundation for China’s economic structure in the future.
In order to achieve sustainable development, more strict supervision measures should be taken to reduce pollution, green house gas emission and energy consumption. Moreover, Chinese government is gradually increasing investment in low-carbon industries, witnessed by the the investment of USD1 trillion in renewable energy in the next decade. Besides, China gradually opens domestic traditional energy industry which used to be dominated by state-owned oil companies for domestic private companies, bringing more investment opportunities for both domestic private companies and foreign companies. With more and more large transnational biomaterial companies entering Chinese biomaterial market, domestic biomaterial promotion process may be shortened, thus facilitating the reduction in carbon dioxide emission.
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