IDEAS home Printed from https://ideas.repec.org/a/ntu/ntugeo/vol10-iss1-49-62.html
   My bibliography  Save this article

The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies

Author

Listed:
  • Ana-Cristina Balgar

    (Institute for World Economy, Romanian Academy)

Abstract

Recognizing from a very early stage the capacity of advanced technologies (and of biotechnologies in particular) to fundamentally change the economy, the geopolitics, and the society of the 21st century, Chinese authorities placed the development of the biotechnology sector among the top national priorities and, as a result, adopted political strategies and programmes meant to help achieving this goal. In the context of the “Made in China 2025” Strategy, which, among others, sets out China’s goal of becoming a world leader in the field of life sciences and of reducing the country’s technological dependency, our article sets out to present the evolution of the Chinese investment policy over the recent years, which was focused on finding an optimum synergy between guiding foreign direct investment (FDI) in line with the country’s own sectoral modernisation plans, and targeting its own outward direct investment (ODI) in accordance with the same interests. With the U.S. being the global biotechnology leader and, as a result, China’s main competitor in the race for global supremacy in the field, our analysis will focus on highlighting the role and importance of bilateral China-U.S. investment flows for the development of the Chinese biotechnology sector.

Suggested Citation

  • Ana-Cristina Balgar, 2022. "The Strategic Role of Sino-U.S. Bilateral Investments in China’s Advance in the Field of Biotechnologies," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 10(1), pages 49-62, June.
    • Handle: RePEc:ntu:ntugeo:vol10-iss1-49-62
    as

    Download full text from publisher

    File URL: http://www.globeco.ro/wp-content/uploads/vol/split/vol_10_no_1/geo_2022_vol10_no1_art_005.pdf
    File Function: First version, 2022
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Huang, Youxing & Zhang, Yan, 2017. "How does outward foreign direct investment enhance firm productivity? A heterogeneous empirical analysis from Chinese manufacturing," China Economic Review, Elsevier, vol. 44(C), pages 1-15.
    2. Steffi Friedrichs & Brigitte van Beuzekom, 2018. "Revised proposal for the revision of the statistical definitions of biotechnology and nanotechnology," OECD Science, Technology and Industry Working Papers 2018/1, OECD Publishing.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Li, Lei & Luo, Changtuo, 2023. "Does administrative decentralization promote outward foreign direct investment and productivity? Evidence from China," Economic Modelling, Elsevier, vol. 124(C).
    2. Valeria Gattai & Piergiovanna Natale & Francesca Rossi, 2022. "Board Diversity and Outward FDI: Evidence from Europe," Working Papers 491, University of Milano-Bicocca, Department of Economics, revised Mar 2022.
    3. Jianghua Zhou & Zixu Liu & Jizhen Li & Gupeng Zhang, 2021. "Foreign equity, exporting and firm innovation: an emerging market perspective," The Journal of Technology Transfer, Springer, vol. 46(3), pages 606-628, June.
    4. Hongfeng Peng & Jingwen Yu, 2021. "Absorptive capacity and quality upgrading effect of OFDI: Evidence from China," Pacific Economic Review, Wiley Blackwell, vol. 26(5), pages 651-671, December.
    5. V. Perskaya V. & E. Dzhagityana P. & В. Перская В. & Э. Джагитянa П., 2017. "Особенности Посткризисных Векторов Прямых Иностранных Инвестиций В Странах Азиатско-Тихоокеанского Региона // Peculiarities Of The Vectors Of Post-Crisis Foreign Direct Investment In The Asia-Pacific ," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 21(6), pages 80-93.
    6. Tong Sheng & Bingquan Fang & Xiaoqian Lu & Xingheng Shi & Chaohai Shen & Xiaolan Zhou, 2022. "The Relationship between Corporate Social Responsibility, Global Investment, and Equity Incentives," Sustainability, MDPI, vol. 14(23), pages 1-27, December.
    7. Gattai, Valeria & Natale, Piergiovanna & Rossi, Francesca, 2023. "Board diversity and outward FDI: Evidence from europe," Economic Modelling, Elsevier, vol. 120(C).
    8. Soomin Han & Sunghyun Kim, 2023. "Does outward foreign direct investment improve the performance of domestic firms? Case of Korea," Asian Economic Journal, East Asian Economic Association, vol. 37(4), pages 519-549, December.
    9. Prajukta Tripathy & Pragyanrani Behera & Bikash Ranjan Mishra, 2023. "Study of linkages between productivity, export, and outward foreign direct investment: An empirical perspective of Indian manufacturing industries," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 1527-1548, April.
    10. Lin Gan & Takahashi Yoshifumi & Nomura Hisako & Yabe Mitsuyasu, 2024. "The short‐ and long‐term impacts of overinvestments on the profitability of agri‐food processing firms in China," Agribusiness, John Wiley & Sons, Ltd., vol. 40(1), pages 227-247, January.
    11. Fadzli Adam, 2020. "Foreign Capital and Domestic Productivity in Developing Countries: An Empirical Analysis," Asian Development Policy Review, Asian Economic and Social Society, vol. 8(4), pages 288-297, December.
    12. Lin, Gan & Takahashi, Yoshifumi & Nomura, Hisako & Yabe, Mitsuyasu, 2022. "Policy incentives, ownership effects, and firm productivity—Evidence from China’s Agricultural Leading Firms Program," Economic Analysis and Policy, Elsevier, vol. 73(C), pages 845-859.
    13. Yan, Bing & Zhang, Yu & Shen, Yanzhi & Han, Jian, 2018. "Productivity, financial constraints and outward foreign direct investment: Firm-level evidence," China Economic Review, Elsevier, vol. 47(C), pages 47-64.
    14. Liu, Liyun & Zhao, Zhenzhi & Su, Bin & Ng, Tsan Sheng & Zhang, Mingming & Qi, Lin, 2021. "Structural breakpoints in the relationship between outward foreign direct investment and green innovation: An empirical study in China," Energy Economics, Elsevier, vol. 103(C).
    15. Da Huo & Jingtao Yi & Xiaotao Zhang & Shuang Meng & Yongchuan Chen & Rihui Ouyang & Ken Hung, 2023. "FDI and Wellbeing: A Key Node Analysis for Psychological Health in Response to COVID-19 Using Artificial Intelligence," IJERPH, MDPI, vol. 20(6), pages 1-20, March.
    16. Koray Aktas & Valeria Gattai, 2021. "Inward FDI, outward FDI, and firm-level performance in India," Working Papers 481, University of Milano-Bicocca, Department of Economics, revised Sep 2021.
    17. Xi Lin & Ling‐Yun He, 2023. "‘Going global’ and pollution in home country: Evidence from Chinese industrial firms," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 31(4), pages 1135-1174, October.
    18. Zhang, Wenyue & Li, Jianan & Sun, Chuanwang, 2022. "The impact of OFDI reverse technology spillovers on China's energy intensity: Analysis of provincial panel data," Energy Economics, Elsevier, vol. 116(C).
    19. Zhijun Feng & Bo Zeng & Qian Ming, 2018. "Environmental Regulation, Two-Way Foreign Direct Investment, and Green Innovation Efficiency in China’s Manufacturing Industry," IJERPH, MDPI, vol. 15(10), pages 1-22, October.
    20. Dong, Zhixiao & Miao, Zhuang & Zhang, Yan, 2021. "The impact of China’s outward foreign direct investment on domestic innovation," Journal of Asian Economics, Elsevier, vol. 75(C).

    More about this item

    Keywords

    biotechnologies; China; U.S.; foreign direct investment (FDI); outward direct investment (ODI);
    All these keywords.

    JEL classification:

    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ntu:ntugeo:vol10-iss1-49-62. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Stefan Ciucu (email available below). General contact details of provider: https://edirc.repec.org/data/feuntro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.