It is being predicted that China’s biotechnology industry output would cross $250 billion or 5% of their GDP by 2020. It is expected that China would come within the circumference of top five countries in the field of biotechnology. China has been making significant progress in the field of biotechnology and life sciences. In its long term programmes China had listed biotechnology as of the major areas for development of science and technology in the next fifteen years. It is expected that by 20202, China would be developing its own technologies such as genetic operation, pharmaceutical elements, new-generation industrial biotechnology and dry cell-based human tissue engineering. Already China has successfully established large biotechnology research, development center and also more than two hundred types of bio chip products. It is expected that China would race past others in the field of biotechnology.
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China and Cuba have entered into an accord for developing products in the area of biotechnology. This accord is expected strengthen the bilateral relations of both the countries in the field of biotechnology. In the field of biotechnology this is the third Cuban-China enterprise. Both the countries would be collaborating in the areas of public health and medication control. Also both the countries would be conducting workshops in the sphere of biotechnology. Certainly both of them stand to gain from this agreement as both have got an expertise in the field of biotechnology and this would further the cause of this technology and ensure further developments.