China’s Opportunity to Create Mega-Clusters

There is a huge difference between China and the US when it comes to building “life science clusters.” The US has no strategic plan about how to create a cluster, and so the clusters grow up organically over many, many years. China, on the other hand, “declares” that an area will become a cluster, and then makes it so. China offers incentives to bring companies together, but it lacks private funding, the money that is necessary to take companies to the next stage. More details...