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Elaine Woo, a principal council at USPTO's Office of Policy International Affairs, welcomes everyone to a webinar on biopharma patents in China. China is the world's second largest biopharmaceutical market, with a growing demand for healthcare products due to increasing wealth and aging population. The rise of Chinese biopharma companies reflects industry growth, with over 140 new companies emerging from 2010 to 2020. China's policymakers are advancing the industry through new regulations and initiatives.