4.4 Visions and Development objectives of Chinese bio-economy
During the 14th Five-Year Plan period (2021–2025), the National Development and Reform Commission of China outlines key areas of focus in order to support the growth of the Chinese bio economy. These include achieving high-quality bioeconomic development, bolstering the bio economy industry, especially the bio-manufacturing sector, and fortifying the groundwork for bio economy innovation. China is determined to accelerate advancements in bioenergy, bioenvironmental protection, bioinformatics, healthcare, and agriculture as per the plan.
The development goals in two stages can be summed up as follows:
Development Stage 1: (2021–2025)
The government is promoting the integration of a number of industries, including materials, energy, healthcare, forestry, agriculture, and energy. To promote innovation and economic growth, this entails facilitating collaboration and knowledge exchange between these sectors.
The government is likely to increase investment in research and development, promote biotechnology innovation, and support the expansion of biotechnology businesses and startups in order to improve scientific and technological capabilities.
The government is putting a lot of effort into promoting the sustainable use of biological resources. To promote ethical and sustainable practices in bio-based industries, this may involve regulations and incentives.
A crucial component of Stage I is developing the bio economy sector, with a focus on bio manufacturing in particular. To encourage the expansion of bio manufacturing businesses, this may entail offering financial incentives, research grants, and infrastructure improvements.
The plan calls for quick advancement in important fields like bioinformatics, agriculture, bioenergy, and environmental protection. To promote development, the government may implement particular initiatives and policies in each of these fields.
Development Stage II: (2026–2035)
During Stage II, China hopes to take the lead globally in terms of the overall strength of its bio economy. The government will probably continue to support innovation, industry expansion, and advancements in science and technology in order to accomplish this.
China wants its bio economy to be built around cutting-edge technology. This entails funding research and development initiatives, encouraging collaboration with top global authorities, and making investments in the newest technological developments.
The government will support the broad adoption of bio-based solutions across a range of industries. This could result in a variety of cutting-edge goods and services with bio-based components.
A key goal is to ensure dependable resource support and manageable bio risks. To accomplish this, the government will probably implement rules, surveillance programmers, and risk management techniques.
Establishing a strong framework for institutional research and development is crucial for long-term success. The government may establish academic institutions, fund research centers, and promote cooperation among research organizations (Zhang et al., 2022).
China is set to take proactive measures in advancing the innovative bioeconomy as part of its ’14th Five-Year Plan.’ This initiative will focus on accelerating the progress of biotechnology in key sectors such as healthcare, bio agriculture, bioenergy, environmental protection, and bioinformatics. Simultaneously, efforts will be made to enhance biorisk management, governance, and prevention. This article outlines the two-stage objectives of China’s bioeconomy, with a primary emphasis on the four key industries: biomedicine, bio agriculture, biomanufacturing, and biosecurity. The plan envisions three main avenues for promoting biotechnological innovation, fostering industrial development, and receiving government policy support, all aimed at driving the bioeconomy’s growth over the next five years. In summary, this new plan will contribute to the advancement of high-quality development and innovation, fostering a contemporary and integrated ecosystem closely tied to industrial and supply chains. It will play a pivotal role in promoting smart and environmentally sustainable growth within the bioeconomy industry.