China’s Pharmaceutical 2009 Output Tops 1 Trillion RMB

In 2009, the total output value of China’s pharmaceutical sector topped 1 trillion RMB ($148 billion), according to SFDA Director Mingli Shao. That was up 20% from 2008’s output of 867 million ($127 billion), a total contained in a Wicon report. Since 2005, when the sector’s output equaled 568 million RMB ($84 billion), China’s pharmaceutical sector has grown at a CAGR of 23%. More details....