HANGZHOU -- The eastern Chinese city of Hangzhou released a guideline on May 21 to help boost innovation in the city's bio-medicine industry.

Hangzhou will work to become a leading city in China for research and development in the bio-medicine sector by 2020, with the sector's revenue exceeding 100 billion yuan ($ 15.6 billion), according to the guideline.

It also aims to become a bio-medical innovation city with global influence, said the guideline.

Hangzhou will prioritize developing new bio-technological drugs such as antibody drugs and new vaccines, according to the guideline.

In 2017, the total industrial output value of bio-medicine companies in Hangzhou hit nearly 50.8 billion yuan, up 22.9 percent year on year.

Seven of the 10 top global bio-medical companies have set up offices in the city's economic and technological development area.