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Chinese telecommunications giant Huawei will spend 3 billion pounds (.2 billion) on British technology and services during the next five years, the company has announced.

Chinese researchers say further work is necessary before clinical trial possible

City University of Hong Kong remains in seventh place, and further down the list at number 18 is Hong Kong Polytechnic University.

Chris Chung, Managing Director, FibroGen China, said: "We are grateful to the patients and physicians in China who participated in our clinical studies. Almost ten years ago, FibroGen made the decision to develop Roxadustat, a first-in-class investigational candidate, in China as a Domestic Class 1.1 Innovative Drug. It arose out of a commitment to give Chinese patients accelerated access to critically needed innovative medicines. We believe the approval of roxadustat is not only the fruit of China's efforts in sharpening the reform on drug registration review and approval process and stimulation of innovative drugs, but also will hopefully be a catalyst of local innovation blossom in China's pharmaceutical industry, and is entirely consistent with China's course of gearing pharmaceutical R&D and registration to international conventions after its entry into the International Conference on Harmonization of Technical Requirements for Registration of Pharmaceuticals for Human Use (ICH)."

Chinese tech company Baidu has become a member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, on Tuesday.