China and the United States should come together as soon as possible in the field of life sciences
China and the United States often have tensions in the business world, bearing the long-term and sometimes quarreling historical burdens. Some people think that the two countries are playing zero, but this is not the only option. Ingenious contact with the right people on the right issues, each country will receive more benefits than singles. The United States is recognized as a global leader in biotechnology. China is making great strides at an alarming rate. However, without more cooperation in the field of public policy, the two countries will be constrained in maintaining new technological advances, new markets and new treatments. The two countries must first actively seek to sign a bilateral investment protection agreement, which is beneficial to both sides, and investors can obtain national treatment. The United States should establish a system to ensure that government approvals for mergers and acquisitions of domestic companies in important industries are more predictable and transparent. In addition, if an invitation is received, the United States should provide substantial technical assistance in improving the operations of the State Food and Drug Administration and the State Intellectual Property Office. In the field of genetic medicine, both China and the United States have places to share. China has the world's largest genetic research center, and the United States can provide insights on the best data analysis methods. China's State Food and Drug Administration should continue its efforts in the approval of new drugs and the application for cleanup and accumulation. China should also recognize that their own research is creating a sufficient number of inventions of global value (their patent applications are globally leading). It is in China's interest to have a strong patent protection system and various methods for counterfeiters to carry out fast and fair enforcement. Through these, China and the United States can increase the scale and quality of investment, thereby improving market access, accelerating the development of new drugs and increasing employment in the life sciences. Isn’t it time to work together for common goals and interests? Zhoushan Fudan Tourism CO., LTD , https://www.fudanfood.com