China's regulation of biotechnology

Download or read book China's regulation of biotechnology written by and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese Economy Within the next 20 years, China has the potential to become the second-largest economy of the world, second only to the U. S. (The Economist 2001a). [...] The Chinese government's failure to provide clarity regarding the future direction of regulatory policy has made foreign governments, particularly those in the European Union, extremely nervous that insufficient care will be taken in the design and enforcement of regulations to assure the food safety and environmental concerns of consumers and others in the European Union. [...] The Chinese government encouraged the use of the zones by building the required infrastructure and extending preferential measures for income tax, imports of raw materials and the introduction of foreign capital. [...] While producers are relieved that China did not close its borders to biotechnology products while the safety regulations were being developed, the lack of information and the uncertainty that the "information gap" caused resulted in hundreds of millions of dollars in lost trade (Letter to the President of the United States, 2002). [...] However, all of the 33B grown in Shandong province, which amounted to over a third of the cotton produced in the province in 1999 and about one third of the 33B grown in Hebei province, which amounted to about twenty to twenty-five percent of all cotton grown in Hebei was not purchased from Ji Dai (Pray et al.