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.
The April Issue of Biomaterials China News published by CCM International covers all the information above. It provides you the latest policies, market trend, market dynamics, company dynamics, new biomaterials products and new biomaterials technology development of biomaterial industry. Followings are the headline news in the latest issue:
>> India Directorate General of Foreign Trade (DGFT) published a ban on cotton export on March 5, 2012, and then it was canceled on March 12, 2012, which has limited influence on Chinese cotton market.
>> On March 13, 2012, Shanghai Lyocell Fiber received ecological certification from Switzerland Validation Test Textile.
>> Yibin Hmei is making efforts to promoting its silkworm chrysalis protein fiber in domestic market.
>>Hayley Ann is growing fast currently, which may gain great success.
>> Jiangsu Xinmin is actively accelerating R&D of PBST
>> On March 29, 2012, Wuhan Huali starts to construct its new research & production base in Wuhan City, Hubei Province, and their capacity will expand to 100,000t/a in the next two years from 40,000t/a.
>> China Hi-tech Group will take more measures to support Bao Ding Swan to accelerate cellulosic fiber industrialization.
>> More and more domestic companies are investing in lignin production and domestic lignin product types are becoming diversified.
>> Corn price has kept increasing from November 2011, due to its loss of supply and demand balance in domestic market in the short period.
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