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China Medicine Sector Growth Led All Others At Beginning Of Year

This article was originally published in PharmAsia News

Executive Summary

The medical industry in China outshone all other sectors in the first two months of this year despite being dragged down somewhat by slower export activity. The Ministry of Industry and Information Technology said biomedicine profits during the period increased by 21.1 percent over a year ago and those of chemical medicine by 14 percent. Traditional Chinese medicine grew by 20.4 percent. The medicine sector growth was hampered somewhat by a growth of only 3 percent in exports, compared with 17.4 percent registered a year ago. (Click here for more

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