For U.S. companies looking to conduct clinical trials of new drugs and medical devices, Brentwood resident Dr. R. Stephen Porter is pitching China as a lower-cost setting where the job can get done much more quickly.

His consulting company, Dragon Bio-Consultants Ltd., helps American drug companies license their products in China and Chinese companies to license products here by getting through the U.S. Food and Drug Administration process.

Ming Wang, MD, PhD
International president and co-owner, Shanghai Aier Eye Hospital (www.aier021.com)
Founding president, Tennessee Chinese Chamber of Commerce (www.tccc.us)

Clinical associate professor of ophthalmology, University of Tennessee
Director, Wang Vision Cataract and LASIK Center, Nashville, TN, USA

drwang@wangvisioninstitute.com, www.WangCataractLASIK.com

- China is the country with the fastest growth, in clinical trials, from 2005 to 2008, the increase is 75%, in 3 years.

- There are nearly 2,000 registered trials in China today.

Click here to view the presentation given by Ming Wang, MD, PhD.

Ming Wang, MD, PhD
International president and co-owner, Shanghai Aier Eye Hospital (www.aier021.com)

Founding president, Tennessee Chinese Chamber of Commerce (www.tccc.us)

Clinical associate professor of ophthalmology, University of Tennessee 
Director, Wang Vision Cataract and LASIK Center, Nashville, TN, USA

drwang@wangvisioninstitute.comwww.WangCataractLASIK.com


2011 has ushered in a new era for China. In the past year, China has surpassed Japan to become the world’s #2 economy (second only to the U.S.), and to become the U.S.’ largest creditor. With a huge trade surplus with the U.S. (over $250 billion a year), an astoundingly rapidly growing economy, and a large population with an increasing demand for better goods and services, China has now also become the world’s largest, most exciting and attractive new market for goods and services produced from all over the world.

In 2011, China surpassed Japan to become the world’s #2 economy based on Gross Domestic Product (GDP), second only to the United States. That was a very significant event for America, since it means that we now need to shift the focus of our international trade to China, and significantly increase our export to this emerging and largest market in the world as well.

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