T

en years ago, China hatched an ambitious plan to bring home its best and brightest scientists and entrepreneurs. Government officials would offer funding, tax breaks, and other perks to Chinese-born luminaries working overseas — and appeal to their sense of nationalism — to convince them to permanently relocate to China to feed what they hoped would be a renaissance in the country’s long underachieving biotech sector.

That renaissance has materialized: China’s biotech sector is indeed rising as a powerhouse.

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