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Economic Value Of China's Vaccine

The Chinese pharmaceutical market is the largest in the Asia Pacific and has seen steady growth in recent years. According to a report published on the 31 August 2020 by the Chinese Ministry of Industry and Technology (MIIT), the top 100 companies operating in China have achieved a total turnover of 930 billion yuan (about $140 billion). According to this report this turnover represents 35.6% of the entire sector. Therefore, the Chinese pharmaceutical market is valued at more than 2,600 billion yuan ($400 billion).

This growth, which has led China to become the second largest pharmaceutical market in the worl