- Sputnik International
Asia
Find top stories and features from Asia and the Pacific region. Keep updated on major political stories and analyses from Asia and the Pacific. All you want to know about China, Japan, North and South Korea, India and Pakistan, Southeast Asia and Oceania.

China Becomes World's Second Largest Medicine Consumer

© Photo : PixabayPills
Pills - Sputnik International
Subscribe
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 US dollars). 

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

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала