A total of 35 projects, with a cumulative investment amount of 10.533 billion yuan (1.483 billion U.S. dollars), were signed at the Beijing-Tianjin-Hebei International Biomedicine& Great Health Industry Develpment Conference 2023 which opened on May 30 in Cangzhou, Hebei province, and all of these projects will be implemented in Hebei.

2023 Beijing-Tianjin-Hebei International Biomedicine& Great Health Industry Develpment Conference (Photo provided by Hebei Council of China Council for the Promotion of International Trade)

The conference themed "Open Collaboration& Innovative Development" was hosted by Hebei Council of China Council for the Promotion of International Trade, Hebei Development and Reform Commission, Hebei Provincial Department of Commerce, Hebei Federation of Industry and Commerce and the Cangzhou municipal government.

Nearly 400 attendees participated in the conference, including representatives from 14 countries such as Germany and Panama, including embassy and consulate officials, business associations, investment institutions, experts and scholars, and representatives from well-known pharmaceutical companies.

The Conference also had virtual chapters in Japan, Malaysia, and Hong Kong, and the opening ceremony was live webcast globally.

The 2023 Beijing-Tianjin-Hebei International Biomedicine & Great Health Industry Development Conference (Photo by Yuan Lipeng/Great Wall New Media)

The biomedical and health industry has become a new economic growth driver for the Beijing-Tianjin-Hebei region. Collaborative development in the region must capitalize on its geographical advantages, formulate preferential policies, attract talent and projects, overcome key technical challenges, and facilitate efficient coordination across all aspects of the industry supply chain, said Meng Anming, an academician of the Chinese Academy of Sciences.

Meng believes that Beijing, Tianjin and Hebei are establishing a more reliable and long-term service guarantee mechanism for the biomedical industry, which will further facilitate the high-quality development of the regional economy.

Companies and professional organizations sign contracts at the conference. (Photo by Yuan Lipeng/Great Wall New Media)

At the opening ceremony, the Hebei Council of the China Council for the Promotion of International Trade announced the establishment of the Beijing-Tianjin-Hebei Biomedical Industry Alliance, which aims to enhance the competitiveness of the biomedical industry by promoting integrated development, collaborative innovation and chain interoperability among Beijing, Tianjin and Hebei. This initiative will be achieved through the sharing of industrial and supply chains.

Editor: Song Lifang