Source: China Securities Journal, ChinaScope Financial (Data)
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YU Mingde, Chairman of China Pharmaceutical
Enterprises Association (CPEA), predicted that sales revenue in China’s
pharmaceutical industry will grow more than 23 percent this year, with profits
up 18-19 percent year-on-year. But the growth rates of sales and profits may
decline.
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WU Zhen, Deputy Commissioner of the State Food
and Drug Administration (SFDA), said that, with the reorganization of the
current drug and medical system, China’s pharmaceutical industry will grow
steadily. The Chinese government will promote enterprises to go global in order
to speed up the internationalization of Chinese medicines and drugs.
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Data from the National Development and Reform
Commission (NDRC) shows that in the first seven months, total output value of
China’s pharmaceutical industry was CNY 983 billion, up 19.2 percent
year-on-year.
China’s pharmaceutical industry has experienced some setbacks in 2012, but growth prospects remain strong.
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