49 h. ago How China engineered the rapid rise of its drug innovation industry

China’s pharmaceutical industry is on the brink of enormous growth and transformation. In just a few years, it has moved on from being the world’s cheapest source of active pharmaceutical ingredients to becoming a major hub for pharmaceutical innovation – a place where new, more effective drugs are born. It is now the second-largest developer of drugs, trailing only the United States. In the global drug development pipeline, China’s growth rate is phenomenal, leaping from 3 per cent in 2013 to...

Events

49 h. ago Opinion | How China engineered the rapid rise of its drug innovation industry

Opinion | How China engineered the rapid rise of its drug innovation industry  South China Morning Post

Events

5 d. ago Does tokenisation in China risk a repeat of the P2P lending crisis?

The rapid rise of tokenisation risks repeating China’s earlier boom-and-bust cycle in peer-to-peer lending unless clear industry standards are established to ensure discipline and innovation, according to a senior Chinese asset manager. Some multilevel marketing companies in mainland China have already started holding meetings discussing real-world asset (RWA) tokenisation projects over the past year, raising “genuine concerns” that the nascent industry might be heading towards a...

Events

6 d. ago China sets up new regulatory body to oversee rapid growing commercial space sector

China sets up new regulatory body to oversee rapid growing commercial space sector  Global Times

Politics

1 week ago GLOBALink | Nobel laureate Stiglitz says China still has room for rapid growth

GLOBALink | Nobel laureate Stiglitz says China still has room for rapid growth  Xinhua

Politics

2 w. ago KFC, Pizza Hut operator Yum China pushes rapid expansion into lower

Yum China Holdings, operator of KFC and Pizza Hut restaurant chains across mainland China and Hong Kong, plans to ramp up expansion into more lower-tier cities based on its flexible store formats, expecting this push to generate higher returns for the company over the next five years. At the company’s Investor Day conference in Shenzhen on Monday, CEO Joey Wat said Yum China’s total number of outlets would increase to 30,000 by 2030, 76 per cent more than the firm’s estimated 17,000 outlets by...

Politics

3 w. ago Volkswagen bets on EV developed with Xpeng to regain ground in China

Volkswagen Group is poised to launch a new electric vehicle (EV) next year that leverages Chinese technology to compete with established domestic players like BYD and Geely in the world’s largest automotive market. The German carmaker, which has seen a decline in market share in mainland China since 2020 amid a rapid adoption of EVs, said on Tuesday that its coming SUV, co-developed with Chinese partner Xpeng, would be its most intelligent model to date. The announcement follows the inclusion of...

Politics

3 w. ago China’s Fujian carrier on track for rapid combat readiness. Will there be more?

China’s third aircraft carrier, the Fujian, is expected to achieve combat readiness sooner than the first two, and the country has the potential to produce more carriers for regular deployment on the high seas, according to state media. The reports also said China had the technology to build nuclear-powered carriers. The Fujian, the nation’s most advanced carrier and the first with electromagnetic catapults, was officially commissioned in Sanya, Hainan province, on Wednesday. It will now focus...

Politics