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The Binhai New Area in North China’s Tianjin Municipality projects that its biomedical industry will achieve an annual income of 100 billion yuan ($15.44 billion), by 2025.
It is estimated that by 2023, the scale income of the industry will reach 15 billion yuan, with an average annual growth rate of 10 percent.
In 2025, the output value of the new materials industry will reach 240 billion yuan($37.73 billion), with an expected average annual growth rate of 8 percent.
North China's Tianjin municipality aims to build 20 leading manufacturing enterprises, with a potential of raking in more than 400 million yuan (about $63 million) in revenue each annually.