Here is another “feel-good” report from a US group (I have no access to its full report). Not only it predicts China will become a life science powerhouse in the next decade but also possibly becomes THE world leader by 2020.
The group pointed a few key factors that may contribute to the development, such as government initiatives and economic power.
The question that someone has already asked: can money buy innovation? (I don’t mean buying or investing into patents and late stage products).
Innovation comes from a culture that encourages bold thinking, risk-taking and has long term commitment. These are the things that we don’t have much today in China and the culture will be hard to change any time soon.
Alone with the same thinking, there is a recent report that finds more girls than boys are now doing better in the college and the report attributes it to the current exam system that heavily biases to “memorization” of taught knowledge. Unless the society/culture find a way to encourage more kids to pursue their own wild dreams and becomes more tolerate to “failures”, innovation will be hard to thrive.
If THE LEADER simply means the largest market size in the world, that’s not enough.