Excerpt: “Like the United States and many other nations, the People’s Republic of China (PRC) has identified biotechnology as a driver of economic growth and innovations for health, food, environmental, and energy security as well as sustainable manufacturing. However, the PRC strategic focus on developing its biotechnology sector goes far beyond the traditional industrial policies employed by other global biotech leaders. Under a series of national plans and policies that have been building for decades, the PRC has designated biotechnology a strategic emerging industry, calling for a whole-of-nation, top-down effort using expertise, financing, subsidies, and diplomatic support to mobilize biotechnology innovation as an element of “comprehensive national power.” (footnote omitted)
