Why the West has an uphill task challenging China in pharmaceutical ingredients

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From rare earth elements to commercial drones, Washington has become all too familiar with the strongest weapons in Beijing’s manufacturing arsenal – the materials and products where China holds a strategic advantage in production, extraction or any other link in the supply chain.After those near-monopolies provided Chinese policymakers considerable leverage in last year’s trade dispute, US think tanks are asking whether pharmaceuticals represent the next critical dependency.Their concern is...