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The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies

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  • Ana-Cristina Balgar

    (Institute for World Economy, Romanian Academy)

Abstract

Recognizing from a very early stage the capacity of advanced technologies (and of biotechnologies in particular) to fundamentally change the economy, the geopolitics, and the society of the 21st century, Chinese authorities placed the development of the biotechnology sector among the top national priorities and, as a result, adopted political strategies and programmes meant to help achieving this goal. In the context of the “Made in China 2025” Strategy, which, among others, sets out China’s goal of becoming a world leader in the field of life sciences and of reducing the country’s technological dependency, our article sets out to present the evolution of the Chinese investment policy over the recent years, which was focused on finding an optimum synergy between guiding foreign direct investment (FDI) in line with the country’s own sectoral modernisation plans, and targeting its own outward direct investment (ODI) in accordance with the same interests. With the U.S. being the global biotechnology leader and, as a result, China’s main competitor in the race for global supremacy in the field, our analysis will focus on highlighting the role and importance of bilateral China-U.S. investment flows for the development of the Chinese biotechnology sector.

Suggested Citation

  • Ana-Cristina Balgar, 2022. "The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 10(1), pages 49-62, June.
    • Handle: RePEc:ntu:ntugeo:vol10-iss1-49-62
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    References listed on IDEAS

    as
    1. Huang, Youxing & Zhang, Yan, 2017. "How does outward foreign direct investment enhance firm productivity? A heterogeneous empirical analysis from Chinese manufacturing," China Economic Review, Elsevier, vol. 44(C), pages 1-15.
    2. Steffi Friedrichs & Brigitte van Beuzekom, 2018. "Revised proposal for the revision of the statistical definitions of biotechnology and nanotechnology," OECD Science, Technology and Industry Working Papers 2018/1, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    biotechnologies; China; U.S.; foreign direct investment (FDI); outward direct investment (ODI);
    All these keywords.

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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