Word: chipscreen
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...cities in China, he says. It was easy to set up his firm and import the advanced equipment he needed for his labs. He has also received about $2.5 million in government research grants, a chunk of which came from the city. Today, Lu's drug-development firm, Shenzhen Chipscreen Biosciences, employs about 45 people working to develop cancer and diabetes treatments in a university-style building at a research park designated for biotech outfits and other advanced start-ups. "If we built this company somewhere else," says Lu, "I don't think we'd have such good luck...
...labor," says Hong Liang, chief China economist at Goldman Sachs in Hong Kong. "They cannot just count on low-cost manufacturing." Soon the entire Chinese economy may be faced with the painful transition Shenzhen must confront today. Shenzhen is "trying to do what the country needs to do," says Chipscreen's Lu. Perhaps this hard-working, ever-mutating city will provide the answer for China, once again...
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