WILL ALL OUR DRUGS COME FROM CHINA?

Summary from the TLDR newsletter

The West's big car manufacturers are facing an existential threat from Chinese manufacturers, which relatively recently began pushing the boundaries of performance, cost-efficiency, driver experience, and autonomy. Western carmakers have been content to innovate in a gradual way for far too long, and it could cease to be competitive. This could also happen to the biotech industry. There has been a steady rise in Chinese companies as a source of genuinely new drugs. Chinese companies are now responsible for about a quarter of new trial starts.