A 30-Year Increase in Production Value of Chinese Pharmaceutical Industry in 30 Years of Reform and Opening up

On December 12, Speaking to Xinhua.com, the spokesperson of the State Food and Drug Administration, Yan Jiangxi, pointed out that before China’s reform and opening up, the pharmaceutical industry’s output value was only 7 billion yuan each year, and it has now reached 667.9 billion yuan.

Yan Jiangxi pointed out that the vaccines produced by China to prevent viruses and bacterial infectious diseases not only meet domestic needs, but have also been extended to other countries by the World Health Organization. At present, China's raw material medicine exports have become a big country in the world.

The past 30 years have witnessed a brilliant period of industrial development. Although the pharmaceutical industry policies in China in the past two to three years are in the adjustment period, the overall market demand still increases, with an average increase of 17%, far higher than the global 7%%-8%. .