Biomaterials China News 1203

China announces to cut its GDP growth target to 7.5% in 2012, according to Premier Wen Jiabao's announcement in his government work report delivered to the National People's Congress on March 5th, 2012. This is the first time for the Chinese government to lower its economic growth target after its years-long efforts to maintain an 8% economic growth rate for seven consecutive years. The major reason of cutting GDP growth target is that the Chinese government plans to focus on accelerating the transformation of the pattern of economic development and making economic development more sustainable and efficient so as to achieve higher-level and higher-quality development over a longer period of time.

Meanwhile, the Chinese government has been releasing a series of "Twelfth Five-Year Plan", such as the "Twelfth Five-Year Plan for New Materials Industry", the "Plan for Grain Processing Industry (2011-2020)", the "Twelfth Five-Year Plan for Industrial Technology Innovation (2011-2015)", the "Twelfth Five-Year Implementation Plan for Multiple Utilization of Crop Stalk", the "Twelfth Five-Year Plan for Clean Production", etc. Based on the above policies, as one of strategic emerging industries, biomaterial industry will undoubtedly enter a stage of rapid development."

Table of Contents

BDO capacity to increase rapidly in China
Latest development of China's PLA industry
China releases Twelfth Five-Year Plan for New Materials Industry

Hunan Xiangwei to launch new PVA production lines in March 2012
Shandong Guangyin launches long carbon chain nylon production lines in February 2012
Zhongshan Jiuhe finishes its trial production
Xinfu Pharmaceutical suspends investment in PBS downstream products
Kingfa smoothly finishes public offerings

Domestic caoutchouc price continues to rise in 2012
Chinese Ministry of Commerce made an investigation on final review of anti-dumping measures on potato starch from theEU
China's cotton price to decrease in 2012
HIT made a breakthrough in L-lactic acid industrialization

Trade analysis of PLA in China
Trade Analysis of cassava China                                                                                                                                                                                                                                                                                                                                                                                                                                                  
QIBEBT approved to establish a biobased energy and materials engineering research center
Shandong Huaxing accelerating the instruction of Hismer's production lines
Bao Ding Swan to issue 116 million new shares privately
Two biodegradable packing material plant to be launched inJining City
Twelfth Five-Year Plan for Clean Production to be released