Bei­jing boosts health­care in­dus­try

China Daily (Hong Kong) - - BUSINESS - By XIN WEN xin­wen@chi­nadaily.com.cn

The rev­enue of Bei­jing’s health­care in­dus­try is ex­pected to reach 250 bil­lion yuan ($36 bil­lion) by 2020, as the city boosts the in­dus­try’s in­no­va­tion ca­pac­ity and in­te­gra­tion with the high-tech re­search sec­tor, lo­cal au­thor­i­ties said on Fri­day.

The goal is part of the mu­nic­i­pal govern­ment’s three-year ac­tion plan, span­ning 2018-20, that aims to form an ecosys­tem that in­te­grates the health­care in­dus­try and re­search in­sti­tu­tions.

Bei­jing’s health­care in­dus­try has seen steady growth in re­cent years, bol­stered by the rise of its life science and biotech­nol­ogy sec­tors. In 2017, the value of the city’s health­care in­dus­try reached 163 bil­lion yuan, up 13 per­cent year-on-year, ac­cord­ing to the plan.

The rapid de­vel­op­ment of ar­ti­fi­cial in­tel­li­gence, fifth­gen­er­a­tion con­nec­tiv­ity and big data have brought new op­por­tu­ni­ties for the health­care in­dus­try in Bei­jing.

“Pri­or­ity will be given to in­no­va­tions in phar­ma­ceu­ti­cals de­vel­op­ment and high­end med­i­cal equip­ment,” said Xu Qiang, direc­tor of the Bei­jing Mu­nic­i­pal Science and Tech­nol­ogy Com­mis­sion. “We will ded­i­cate more ef­fort and re­sources to in­tro­duc­ing ad­vanced tech­nolo­gies and new busi­ness mod­els in re­lated fields.”

In­cu­ba­tors will be es­tab­lished in pilot ar­eas, in­clud­ing the cap­i­tal’s Life Science Park, col­leges and med­i­cal in­sti­tu­tions, to strengthen startup in­cu­ba­tors’ spe­cial­iza­tion and ef­fi­ciency.

Hai­jieya Med­i­cal Equip­ment Ltd Co is a high-tech com­pany pro­duc­ing can­cer ther­apy ma­chines in the Zhong­guan­cun Science Park in Bei­jing’s Haid­ian dis­trict. Huang Wen­ming, its CEO, said the plan will bet­ter sup­port health­care-re­lated com­pa­nies by at­tract­ing more re­sources and en­hanc­ing in­dus­trial com­mu­ni­ca­tion.

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