The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies
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 pr...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University
2022-06-01
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| Series: | Global Economic Observer |
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| Online Access: | http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_005.pdf |
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| author | ANA-CRISTINA BÂLGĂR |
| author_facet | ANA-CRISTINA BÂLGĂR |
| author_sort | ANA-CRISTINA BÂLGĂR |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-79810a7dee854b4082c19984b692065e |
| institution | DOAJ |
| issn | 2343-9742 2343-9750 |
| language | English |
| publishDate | 2022-06-01 |
| publisher | Nicolae Titulescu University |
| record_format | Article |
| series | Global Economic Observer |
| spelling | doaj-art-79810a7dee854b4082c19984b692065e2025-08-20T03:03:12ZengNicolae Titulescu UniversityGlobal Economic Observer2343-97422343-97502022-06-011014962The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of BiotechnologiesANA-CRISTINA BÂLGĂR0PhD. Institute for World Economy, Romanian Academy 13 September Street, No. 13th, Bucharest ROMANIA, anacristinabalgar@gmail.com 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. http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_005.pdfbiotechnologieschinau.s.foreign direct investment (fdi)outward direct investment (odi) |
| spellingShingle | ANA-CRISTINA BÂLGĂR The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies Global Economic Observer biotechnologies china u.s. foreign direct investment (fdi) outward direct investment (odi) |
| title | The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies |
| title_full | The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies |
| title_fullStr | The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies |
| title_full_unstemmed | The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies |
| title_short | The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies |
| title_sort | strategic role of sino u s bilateral investments in china s advance in the field of biotechnologies |
| topic | biotechnologies china u.s. foreign direct investment (fdi) outward direct investment (odi) |
| url | http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_005.pdf |
| work_keys_str_mv | AT anacristinabalgar thestrategicroleofsinousbilateralinvestmentsinchinasadvanceinthefieldofbiotechnologies AT anacristinabalgar strategicroleofsinousbilateralinvestmentsinchinasadvanceinthefieldofbiotechnologies |