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China’s Pharmaceutical Industry Growth And Profit Top All Industries

This article was originally published in PharmAsia News

Executive Summary

China's Ministry of Industry and Information Technology revealed that in the first two months of 2009, the local pharmaceutical industry's value add, total output value and sales value increased 13.5 percent, 17.6 percent and 16.6 percent, respectively, when compared to the same period last year. Profits amounted to RMB 11.5 billion, a jump of 22.4 percent. These figures put the pharmaceutical industry's growth and profit rates top among all industries in China. Chemical raw materials and formulations, herbal slice and patent TCM, bioproducts and biochemical products, as well as hygiene materials and medical products increased 14 percent, 20.4 percent, 21.1 percent and 32.5 percent, respectively. However, export growth showed a slow-down: the industry's export value increased only 3 percent, dropping 17.4 percentage points when compared with the same period last year. (Click here for more - Chinese language)
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