title: The development of Bio-pharmaceutical industry in China: problems and solutions.
abstract: Known as the "sunrise industry" of the 21st century, bio-pharmaceutical industry has been a fast-growing global industry, and many countries have been developing this industry as the focus of their national economies. In China, there exists a huge market demand for the development of bio-pharmaceutical industry, but at the present stage the industry is faced with some problems, such as low level of R & D for innovative drugs, and inappropriate capital investment in the industrialization. In order to accelerate the development of China's bio-pharmaceutical industry, it is necessary to take strategic initiatives of improving the technology transfer system, developing the bio-pharmaceutical outsourcing, and building a diversified industrial financing system.
authors.affiliation: College of Economics, Zhejiang University, Hangzhou, P.R. China.
authors.forename: Gujun
authors.initials: G
authors.lastname: Yan
mesh_terms: D002681:China; D004345:Drug Industry / Q000191:economics