China Aims to Consolidate Drug Market, Support Larger Role for Traditional Chinese Medicines

The central government of China made a statement on Sunday following a meeting of the State Council outlining plans to consolidate China’s large and fragmented drug market and support a greater role for Traditional Chinese Medicines.

The Chinese government hopes to improve “home-made” medicines in an effort to reduce reliance on drugs from overseas by:

  • providing support for pharmaceutical mergers and acquisitions
  • fostering industry leaders in order to solve the ‘scattered’ nature of the market
  • accelerating the development of China’s domestic drug industry to better serve the people’s healthcare needs, help build a healthier China and “unleash economic growth potential”
  • boosting safety controls and traceability of domestic drugs.

Additional details regarding the statement can be found here.

Download PDF

Latest Thinking

View more Insights
Insights Center
Knowledge assets are defined in the study as confidential information critical to the development, performance and marketing of a company’s core business, other than personal information that would trigger notice requirements under law. For example,
The new study shows dramatic increases in threats and awareness of threats to these “crown jewels,” as well as dramatic improvements in addressing those threats by the highest performing organizations. Awareness of the risk to knowledge assets increased as more respondents acknowledged that their