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Politics : Politics for Pros- moderated
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To: Bridge Player who wrote (251061)5/21/2008 1:27:48 PM
From: mistermj  Read Replies (1) of 793897
 
Keep an eye on China for developments as well.

They do not yet have our medical or research expertise, but they get around some of that by stealing our IP and putting it into much less regulated and much less expensive fast track human trials funded by the Chinese government.

I had a front row seat for this process with a small US biotech company. It was great for China...not so good for US investors.
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National High Technology Research and Development Program (863 Program)

In March of 1986, four eminent Chinese scientists urged the initiation of a new national high technology program (also referred to as 863 Program) (http://www.863.org.cn).

The guiding principles and objectives are limited targets, striving for breakthroughs in defined priorities, rapidly formulating high-tech industries in areas where China has advantages, closing the gap between China and developed countries in high technology, and enhancing the overall capacity of the nation.

The Program has set eight fields as priorities: biotechnology, space technology, information technology, lasers, automation technology, energy technology, advanced materials technology and marine technology.

The financial support required for the Program mainly comes from special government appropriations
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