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Biotech, Clean Energy Sectors in China Face Uncertain Future, Insider Says

Started by Epoch-Times-Bot, Jan 14, 2023, 12:30 AM

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Epoch-Times-Bot

Jan 14, 2023, 12:30 AM
Biotech, Clean Energy Sectors in China Face Uncertain Future, Insider Says

News Analysis
China's biotechnology and clean energy sectors may be the next targets of U.S. sanctions, according to the president of a high-tech corporation in Japan.
Such sectors will probably face a downturn following China’s hard-hit semiconductor industry, the president, who for security reasons only wanted to be identified as Desen, told The Epoch Times on Jan. 5.
These sectors will become stagnant as the technology decoupling between the U.S. and China continues, Desen said.
During this process, Chinese enterprises in these areas, he said, will lose the basis on which they learn and imitate.
The broader economic decoupling is also speeding up the outflow of international capital from China, he said, adding that this will apply further pressure on the economy....

Source: Biotech, Clean Energy Sectors in China Face Uncertain Future, Insider Says

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