If that was the case, biotech would be booming from the congo to nepal.
Biotech is booming in china because they have the resources ( money, people and infrastructure ).
Point 2: There's no country with more money and infrastructure than the US. The only advantage would be more people. And I doubt China has more of the people needed in Biotech research than the US which still attracts the brightest of the world through it's academic system.
So there must be something else. And I think lack of regulation might be a good enough reason. Kind of like how Hollywood boomed after they pirated all the hardware whose patents could only be enforced on the east coast at that time.
Except our money and infrastructure is going into other sectors. China has chosen to direct their resources into this sector. Simple as that.
> Kind of like how Hollywood boomed after they pirated all the hardware whose patents could only be enforced on the east coast at that time.
Hollywood boomed when money, people and infrastructure was directed to it. It was a conscious decision made by the elites. There are tons of regulation in hollywood. It's still booming. Using your logic, hollywood should be a ghost town. Ironically, your example proves you wrong.
Hollywood didn't start as elites, they started escaping them.