Pharma groups spend billions to tap into booming China healthcare
Source: FT #Mar08
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Source: FT #Mar08
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Pharma groups spend billions to tap into booming China healthcare
Pharmaceutical groups signed partnerships with Chinese biotechnology start-ups at a record rate last year despite geopolitical tensions and concerns over intellectual property rights and data security in the country.
China has opened up its healthcare industry over the past five years, prompting US and European companies to seal deals with local companies to access the world’s second-biggest drug market.
China’s healthcare industry overtook Japan in 2016 to become the world’s second-biggest and is expected to surpass the US within three years. Pharmaceutical spending in China totalled $137bn in 2018 and will reach $140bn-$170bn by 2023, according to data provider IQVIA.
US national security experts are also worried about Beijing gaining access to American healthcare data, particularly genomic information, for both privacy reasons and concerns about the ability to use such data to help develop biological weapons.
Source: FT #Mar08
https://www.ft.com/content/c2bec4c8-3345-4792-a915-9e906f6d4d64
#ChinaPharmaceutical #China #CCP #Genomic
Pharmaceutical groups signed partnerships with Chinese biotechnology start-ups at a record rate last year despite geopolitical tensions and concerns over intellectual property rights and data security in the country.
China has opened up its healthcare industry over the past five years, prompting US and European companies to seal deals with local companies to access the world’s second-biggest drug market.
China’s healthcare industry overtook Japan in 2016 to become the world’s second-biggest and is expected to surpass the US within three years. Pharmaceutical spending in China totalled $137bn in 2018 and will reach $140bn-$170bn by 2023, according to data provider IQVIA.
US national security experts are also worried about Beijing gaining access to American healthcare data, particularly genomic information, for both privacy reasons and concerns about the ability to use such data to help develop biological weapons.
Source: FT #Mar08
https://www.ft.com/content/c2bec4c8-3345-4792-a915-9e906f6d4d64
#ChinaPharmaceutical #China #CCP #Genomic
Ft
Pharma groups spend billions to tap into booming China healthcare
Partnerships with local start-ups hit record despite data security and IP protection concerns
Canadians support harder line against China over treatment of Uyghurs
A strong majority of Canadians both approve of Parliament’s declaration that China is carrying out genocide against its Uyghur Muslim minority and favour a harder line toward the country, including economic sanctions and moving the 2022 Winter Olympics out of Beijing.
A poll by Nanos Research showed that 83 per cent of Canadians either support or somewhat support the unanimous vote by the House of Commons, declaring Chinese atrocities against Uyghurs and Turkic minorities in Xinjiang to be in contravention of the United Nations’ Genocide Convention.
“It’s pretty clear that Canadians see this as genocide and the polls suggest that they are ready for action and a hardline when it comes to responding to the government of China” Mr. Nanos said.
Source: The Globe and Mail #Mar08
https://www.theglobeandmail.com/politics/article-canadians-support-harder-line-against-china-over-treatment-of-uyghurs/
#ChinaGenocide #Canada #China #Beijing2022
A strong majority of Canadians both approve of Parliament’s declaration that China is carrying out genocide against its Uyghur Muslim minority and favour a harder line toward the country, including economic sanctions and moving the 2022 Winter Olympics out of Beijing.
A poll by Nanos Research showed that 83 per cent of Canadians either support or somewhat support the unanimous vote by the House of Commons, declaring Chinese atrocities against Uyghurs and Turkic minorities in Xinjiang to be in contravention of the United Nations’ Genocide Convention.
“It’s pretty clear that Canadians see this as genocide and the polls suggest that they are ready for action and a hardline when it comes to responding to the government of China” Mr. Nanos said.
Source: The Globe and Mail #Mar08
https://www.theglobeandmail.com/politics/article-canadians-support-harder-line-against-china-over-treatment-of-uyghurs/
#ChinaGenocide #Canada #China #Beijing2022
Chinese state broadcaster CGTN fined ÂŁ225,000 by UK regulator
Ofcom, the media regulator, has fined China Global Television Network (CGTN), China’s state broadcaster, £225,000 for breaching rules on fairness, privacy and due impartiality just weeks after it stripped the network of its right to air in the
UK.
Ofcom had previously found CGTN guilty of airing allegedly forced confessions made by British citizen Peter Humphrey as well as coverage of protests in Hong Kong that failed to present other viewpoints to that of Beijing.
CGTN network’s licence to air was revoked in the UK last month after concluding that it was editorially controlled by the Chinese Communist party, provoking Beijing to retaliate by banning the BBC’s World News channel.
Source: FT #Mar08
https://www.ft.com/content/f657400c-a128-4a76-8e92-22307931d705
#CGTN #ChinaStateMedia #ChinaPropaganda #UKBan #UK
Ofcom, the media regulator, has fined China Global Television Network (CGTN), China’s state broadcaster, £225,000 for breaching rules on fairness, privacy and due impartiality just weeks after it stripped the network of its right to air in the
UK.
Ofcom had previously found CGTN guilty of airing allegedly forced confessions made by British citizen Peter Humphrey as well as coverage of protests in Hong Kong that failed to present other viewpoints to that of Beijing.
CGTN network’s licence to air was revoked in the UK last month after concluding that it was editorially controlled by the Chinese Communist party, provoking Beijing to retaliate by banning the BBC’s World News channel.
Source: FT #Mar08
https://www.ft.com/content/f657400c-a128-4a76-8e92-22307931d705
#CGTN #ChinaStateMedia #ChinaPropaganda #UKBan #UK
Japan’s SBI plans Hong Kong pullout on concerns over security law
The decision by Yoshitaka Kitao will make SBI, which is the largest Japanese financial institution and owns Japan’s biggest online brokerage, to opt for a full withdrawal from Hong Kong and comes as the group is also reviewing London’s status as the optimal financial centre in Europe.
The introduction last year of Hong Kong’s controversial National Security Law, under which 47 activists were arrested earlier this month, had created increasing fear in Japanese boardrooms, said Kitao.
He continued Hong Kong was “not a good place for financial institutions”, adding that increasing numbers of Japanese companies were reconsidering the scale of their operations in the former British colony.
Source: FT #Mar08
#SBI #HKInternationalFinancialCenter #HongKong #JapanOnlineBrokerage
The decision by Yoshitaka Kitao will make SBI, which is the largest Japanese financial institution and owns Japan’s biggest online brokerage, to opt for a full withdrawal from Hong Kong and comes as the group is also reviewing London’s status as the optimal financial centre in Europe.
The introduction last year of Hong Kong’s controversial National Security Law, under which 47 activists were arrested earlier this month, had created increasing fear in Japanese boardrooms, said Kitao.
He continued Hong Kong was “not a good place for financial institutions”, adding that increasing numbers of Japanese companies were reconsidering the scale of their operations in the former British colony.
Source: FT #Mar08
#SBI #HKInternationalFinancialCenter #HongKong #JapanOnlineBrokerage