Bio-industry shares surge on news of government support
The state council yesterday approved a document to support the development of bio-industry.
China will make bio-industry an engine for the high technology sectors. The bio-industry is composed of biopharmaceutical, bioagriculture, bioenergy, biomanufacturing and bioecology.
The output of China's bio-industry increased 25.5 percent to RMB 860 billion in 2008.
Zhejiang Qianjiang Biochemical Co(SH:600796), Shenzhen Neptunus Bioengineering Co.(SZ:000078), Guilin Layn Natural Ingredients Corp.(SZ:002166)and Daan Gene Co.,(SZ:002030)surged to the 10 percent trading cap. Hualan Biological Engineering Inc.(SZ:002007)added 3.28percent.
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