China set to compete with global drug giants in a decade, analysts say

Thanks to an efficiency edge that transcends simple cost advantages, China is set to see the emergence of a home-grown drug giant capable of competing with global players in a decade, analysts say. “For the past three decades, there was only one global research and development ecosystem, which was the US,” said Fu Wei, founder and CEO of CBC Group, a healthcare-dedicated asset management firm founded in Shanghai and now based in Singapore. “Over the past decade, a parallel ecosystem – China –...