Here comes the booming Chinese biotech sector trib.al/pWKEjhH

A big thank you to Yanzhong Huang, Winnie Yip, and Liu Chang for joining me and my colleague Patrick Beyrer to discuss the Healthy China 2030 initiative and the prospects for Beijing’s ambitious healthcare reforms. asiasociety.org/video/healthy-…

A congressional commission warned that China is making big strides in biotechnology and the U.S. must invest more in research and take other steps to protect its national security on.wsj.com/3GaTPqw

1/ Secretary Lutnick’s message is important for setting expectations. Chinese President Jiang Zemin sent a telegram of condolence to George W Bush on September 11, 2001, but beyond that, it is exceedingly rare for a PRC leader to initiate outreach to a US president. (🧵)

Where does the US-China trade war go from here? On tariffs, US will continue with 232s and prep new 301s; I think existing 301 can cover China. But tariffs could be on the back burner in the near term. New focus for US-China is export controls. 1/