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Benxi City To Shape Pharmaceutical Valley In Northern China

This article was originally published in PharmAsia News

Executive Summary

Benxi city will construct a new eco-town of 60 square kilometers located in the middle of Benxi and Shenyang, of which 23 square kilometers is earmarked as Liaoning (Benxi) biology and pharmaceutical high-tech industry base. Targeted to be an advanced world-class pharmaceutical valley in northern China, a 63 km corridor will be built to house the industry. Benxi aims to attract 200 projects to the base within one year and realize annual revenue of RMB 100 billion ($14.64 billion) by 2012. As of Aug. 5, 33 domestic and overseas pharmaceutical and R&D firms have invested fixed assets reaching RMB 5 billion. The high-tech industry base boasts several advantages: (1) abundant pharmaceutical resources; (2) preferential and incentive policies; (3) talented manpower; (4) technology support; and (5) financial assistance. (Click here for more - Chinese Language)
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