CHINAUS AFRICAASIA 中文双语Français
Business\Industries

China becomes world's second largest medicine consumer

Xinhua | Updated: 2017-07-13 08:18

BEIJING — China has become the second largest consumer of medicine in the world, as well as the world's biggest exporter of bulk pharmaceuticals, an official at China Food and Drug Administration (CFDA) said Wednesday.

According to Wu Zhen, deputy director of CFDA, the main business income of China's 5,000 pharmaceutical companies has reached 2.5 trillion yuan ($370 billion).

Up to 50 of the companies are certified in Europe or the United States, and their export volume surpassed $13.5 billion, Wu said.

Wu said the CFDA's efforts to speed up the process of new drug approval and clear the backlog of applications have paid off.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US