|
|
|
 29/09/2009
[Industry news]
Output Value of China Pharmaceutical Industry to Top CNY 1 Trillion
The output value of China\'s pharmaceutical industry is expected to top CNY 1 trillion this year, ranking seventh globally, according to a recent report released by the Chinese Pharmaceutical Enterprises Association.
|
| |
|
The output value of China\'s pharmaceutical industry is expected to top CNY 1 trillion this year, ranking seventh globally, according to a recent report released by the Chinese Pharmaceutical Enterprises Association.
The industry got enough momentum to keep its upturn going last year despite the global financial crisis and economic recession. It harvested as much as CNY 866.6 billion in output value in 2008, up 25% year on year.
The industry recorded CNY 825.36 billion in sales last year, rising 26.53% from a year ago. Net profits stood at CNY 77.66 billion, up 28.39%. Corporate profits rose 35%.
The report forecasts that China will turn itself from a big medicine maker into a medicine powerhouse in the coming decade as it is moving forward with an industrial structure reform.
The modern logistics will further boost the industry\'s circulation efficiency and shore up its competitive edge globally. By 2020, China is expected to outpace Japan to be the second largest pharmaceutical market in the world, second only to the US. |
|
|
|
|
