Bioeconomy

The bioeconomy system mainly includes three parts: the bioeconomy theory, the bioeconomic model and the bioeconomy industry. For the first part, the bioeconomy theory: Dr. Pan Aihua first proposed the concept of bioeconomy in the world in 1995. Later in November, 2003, he established the bioeconomy theory in his scientific paper titled DNA Double-Helix will Lead Mankind into a Biological Century. The system comprises 10 subsidiary theories: Bioeconomics, New Capital, Econo-genology, the Biological Reconstruction of Assets Theory, the Medical Model of the Stock Market, the Theory of Information Carrier of Life, the Triad Theory, Socio-genology, the Theory of Asymmetric Management Information, and the Corporate Theory of State. Application of Pan’s bioeconomic system has led to the second part of the system: new models including Bioeconomy Experimental Zone, Bioeconomy Incubator, Bioeconomy Community (Sinobioway Commune), Super Good Agriculture Practice (SGAP), Bio-Lab Supermarket, Big industry, Happy Old Age Community, Forest Health & Wellness, Good Healthcare Practice (GHP), Bio-financial Supermarket. The third part is the bioeconomy industry. The bioeconomy industry of Sinobioway Group, formed via the integrated and coordinated development of big finance, big market and big industry represents the third generation bioindustry (BI 3 ) and is different from bioindustry. Big industry, the second generation bioindustry (BI 2 ), is centered on bioindustry, and facilitates the application of modern science and technologies, promoting the integrated development of primary, secondary and tertiary industries. By comparison, bioindustry represents the first generation of the industry (BI 1 ). It includes six major areas: biomedicine, bioagriculture, bioenergy, bioenvironment, biomanufacturing and bioservices.

In the bioeconomy development strategies issued by the US, the EU, Germany and the OECD, although the term ‘Bioeconomy’ is coined, its substance represents the first generation of the industry (BI 1 ). By contrast, the bioindustry and the bioeconomy proposed by Dr. Pan Aihua are two distinctly different concepts. The bioeconomy proposed by Dr. Pan Aihua is: the new economic theory and economic model created by applying the perspectives and methods from life sciences and biomedicine. What Sinobioway is devoted to is the development of the third generation bioindustry (BI 3 ). Therefore, Sinobioway is far ahead in the world in terms of bioeconomy development.

In conclusion, China is the first in the world to propose the concept of bioeconomy. Sinobioway Group took the lead in establishing the bioeconomy system. It has become the world’s origin of bioeconomy. We have reason to believe that the human being will enter the bioeconomy era in 2020; China will have much to offer in the bioeconomy era; bioeconomy will contribute to the realization of the China Dream.

The bioeconomy industry of Sinobioway Group, formed via the integrated and coordinated development of big finance, big market and big industry represents the third generation bioindustry (BI 3.0 ) and is different from bioindustry. Big industry, the second generation bioindustry (BI 2.0 ), is centered on bioindustry, and facilitates the application of modern science and technologies, promoting the integrated development of primary, secondary and tertiary industries. By comparison, bioindustry represents the first generation of the industry (BI 1.0 ). It includes six major areas: biomedicine, bioagriculture, bioenergy, bioenvironment, biomanufacturing and bioservices.In the bioeconomy development strategies issued by the US, the EU, Germany and the OECD, although the term ‘Bioeconomy’ is coined, its substance represents the first generation of the industry (BI 1 .0). By contrast, the bioindustry and the bioeconomy proposed by Dr. Pan Aihua are two distinctly different concepts. The bioeconomy proposed by Dr. Pan Aihua is: the new economic theory and economic model created by applying the perspectives and methods from life sciences and biomedicine. What Sinobioway is devoted to is the development of the third generation bioindustry (BI 3.0 ). Therefore, Sinobioway is far ahead in the world in terms of bioeconomy development.

Three connotations of biological economy

Bioeconomy is different from bioeconomics. The connotation of bioeconomy is: an economy built on top of technological products and industries based on the research and development and application of life sciences and biotechnologies. The connotation of bioeconomy should include the following three aspects: first, it is an economy built on top of technological products and industries based on the research and development and application of life sciences and biotechnologies; second, it refers to changes in the economy caused by bio-incidences (mainly pestilence, bioterrorism attacks and biowars, ect.); third, it is an economy built on the economic theory and model that have been established by applying methods of life sciences and medicine.