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Jing Cheng, 42, is at the cusp of that effort. Like an increasing number of other Chinese scientists and engineers, the CEO of CapitalBio Corp. has returned from the U.S., where he ran a small biotech company in San Diego, to pursue opportunities at home. An offshoot of Beijing's Tsinghua University (often called the M.I.T. of China), CapitalBio is among an élite group of Chinese life-sciences companies and research institutes. At the Beijing Genomics Institute researchers have decoded the rice genome and worked to find a cure for SARS. CapitalBio has already shown it also plays...

Author: /time Magazine | Title: China Rising: Competition: But Can China Innovate? | 6/19/2005 | See Source »

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