US President Joe Biden speaks with reporters before boarding Air Force One from Andrews Air Force Base in Maryland on September 12. Photo: AFP
US President Joe Biden speaks with reporters before boarding Air Force One from Andrews Air Force Base in Maryland on September 12. Photo: AFP

US-China relations: Biden’s biotech plan has limited near-term impact on Chinese firms, consultants say

  • The capital markets’ response was likely a ‘knee-jerk reaction’, despite concerns over the impact of Biden’s executive order on China’s biotech industry
  • The biotech sector has emerged as another battlefront in the Sino-American tech war, as the Covid-19 pandemic disrupts drug and vaccine supply chains

US President Joe Biden speaks with reporters before boarding Air Force One from Andrews Air Force Base in Maryland on September 12. Photo: AFP
US President Joe Biden speaks with reporters before boarding Air Force One from Andrews Air Force Base in Maryland on September 12. Photo: AFP
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