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China is working to strengthen and develop its marine biopharmaceutical industry, which is expected to have a added value of approximately $14.7 billion by 2025. The country controls over 80% of the raw marine material market, such as chitosan and alginates. Additionally, locally developed marine medicines account for about 28% of the global marine pharmaceuticals. China aims to increase the industry’s added value to more than 130 billion yuan by 2030 through policies and government support, with a focus on converting marine resources into innovative medical and biotechnological products.
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