Home / Business / Healthcare & Pharmaceutical Tools: Save | Print | E-mail | Most Read | Comment
China's medicine industry output expected to rise by 20% in 2009
Adjust font size:

Output of China's medicine industry would increase by 20 percent in 2009, a senior legislator has said.

The output figure is expected to hit one trillion yuan (146 billion U.S. dollars) in 2009 despite the severe domestic macroeconomic situation,Sang Guowei, vice chairman of the Standing Committee of the National People's Congress, told a biological industry forum on Friday.

He attributed the increase to a strong demand from the market, and the implementation of the health-care system reform which aims to ensure fair and affordable health services for all 1.3 billion Chinese citizens.

The industry would also be boosted by the country's policies to stimulate biological industry, Sang added.

The State Council, China's cabinet, has unveiled measures that aimed to foster bio-industry as a pillar high-tech industry.

In the first four months, China's medicince industry saw output increase by 18.29 percent over the same period last year.

(Xinhua News Agency June 20, 2009)

Tools: Save | Print | E-mail | Most Read Bookmark and Share
Pet Name
China Archives
Related >>
June 7 Tokyo 2nd China-Japan High-Level Economic Dialogu

June 30 Shanghai 2009 Automotive Engine Technology Seminar

July 3-4 Beijing Global Think Tank Summit
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?