Governmental Supervisions and Policies of IB in China in 2010
According to Global biologicals( GBIO) newest research, Year 2010 is a crucial year for China, as Chinese central government needs to formulate a visionary and feasible plan for China’s economic growth and social development in the next five years (2011-2015).
Eventually in mid-October 2010, the Chinese central government officially issued the plan at a National Party Congress, pointing out four pillar industries and three leading industries of the country for the next five to ten years, among which include bio-industry, environmental protection industry, new energy industry and new material industry. Moreover, it also promulgated "carbon emission amount standard" as a criterion for the industrial sustainable development, aiming to speed up the transformation of the domestic economic growth mode and further advocate the significance of energy saving and emission reduction.
In fact, the industrial biotechnology industry in China had been growing remarkably before the issue of this plan in 2010. In response to the call for energy saving and emission reduction from the last five-year plan (2006-2010), the local government had strongly valued and supported many fields financially and politically in the industrial biotechnology industry, especially biofuel and biomaterial. For instance, B5 biodiesel standard was officially issued in late October of 2010 and planned to be put into practice on February 1st 2011, suggesting Chinese biodiesel industry entering commercialization stage. Meanwhile, on the other hand, those industries with high energy-consumption, high pollutant discharges, or too small production scale, had been heavily restrained from excessively growing, which in turn resulted in some companies with deep pocket in these industries investing in the industrial biology fields and so boosting the domestic growth of the industrial biology.
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