China Advances in Biotech Sector

This is a China news story, published by CNBC, that relates primarily to AI news.

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domestic biotech sector

CNBC

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Technology

It's not just AI — China's quickly gaining an edge over the U.S. in biotech

Summary

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89% Informative

Out of five critical tech sectors, " China has the most immediate opportunity to overtake the United States in biotechnology," a new report says.

China 's biotech industry has evolved to the point that U.S. and European pharmaceutical giants in the last several months have spent billions to acquire China -developed drugs that could treat cancer if commercialized with regulatory approval.

"The Chinese market is like a big supermarket for anything that can be commoditized, AI or biotechnology," he said, adding that new startups in China have to be "really good" to stand out. As AI drives innovation costs down, Fan predicts that in biotech, "the real DeepSeek moment is probably going to happen in five years .".

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English

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