South China Morning Post
AsiaPac · 38 mins ago
China’s biotech industry sees global expansion as unstoppable, despite US pressure
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China’s biotech industry sees global expansion as unstoppable, despite US pressure
China’s biotech firms are pressing ahead with global expansion, a trend industry insiders describe as “irreversible”, even as Washington rolls out investment restrictions and national security measures aimed at slowing their advance.
“The US has erected numerous regulatory and non-tariff barriers for Chinese companies seeking to enter the American market,” said Zhang Jun, co-head of the global healthcare group at Chinese investment bank Citic Securities, at the Hong Kong Exchanges and Clearing’s
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