4.1 Definition of Bioeconomy in China:

4.1 Definition of Bioeconomy in China:

In China, the term “bioeconomy” refers to any economic activity involving the sustainable use of biological resources, such as forestry, fisheries, agriculture, bioenergy, biofuels, food, and beverages. The National Development and Reform Commission (NDRC) provides this definition. It includes all sectors of the economy that make products and services from biological materials, including food, medicine, biofuels, and more. China’s bioeconomy is defined by the Ministry of Agriculture and Rural Affairs as a knowledge-based, innovation-driven economy that uses biological resources to promote the development of bio-based goods, services, and technologies. China’s bioeconomy has been growing steadily over the years due to its large agricultural sector, growing emphasis on biotechnology, and increasing demand for bio-based products. The growth has been supported by government policies and investments in research and development (Venkatesh, 2022).