Chinese drugmakers shift from copycats to global innovators
Reforms, faster development and lower costs have turbocharged growth
Reforms, faster development and lower costs have turbocharged growth

Industrial policy has delivered impressive technological gains without productivity growth

Beijing should focus more on domestic demand to sustain high economic growth

Ferocious competition at home equips the strongest companies to prosper abroad

Groups will need to buy mature biotechs to replace revenue lost to generic competitors

Clinical studies can be finished faster and cheaper than in US and provide an earlier sign of a drug’s potential

The US has decided it can no longer afford to outsource its chipmaking future