Core Insights - The U.S. pharmaceutical industry must collaborate with China's pharmaceutical sector to enhance drug development efficiency [1] - China's pharmaceutical industry has rapidly advanced, contributing to 30% of global drug development over the past decade [1] Industry Summary - The U.S. pharmaceutical industry is encouraged to engage in partnerships with China to leverage its fast-paced drug development processes [1] - Over the last ten years, China's share in global drug development has significantly increased, reaching 30% [1]