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China is actively strengthening cooperation with other Brics countries to reduce negative effects on economy caused by debt crisis of some developed countries. For example, China plans to cooperate with other Brics countries to set up a development bank to provide capital for the developing countries. Meanwhile, Chinese Central Government is taking measures to accelerate domestic political and economic reform to promote economic transition. For example, Chinese Central Government will release policies to support domestic private capital investment into domestic financial fields, in order to break monopoly of several state-owned banks. It can be predicted that the above facts will be helpful for the development of domestic strategic new industries including biomaterials industry.
In fact, domestic biomaterials producers are becoming more and more confident on the prospect of biomaterials and increasing investment in expansion or modification of process. Take some companies in the issue for example, Wuhan Huali is expanding its starch-based material capacity, Jiangsu Xinmin is actively accelerating R&D of poly(butylene succinate-co-terephthalate) (PBST) and Yibin Hmei is making efforts to promoting its silkworm chrysalis protein fiber in domestic market.
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