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Global Health Progress Fact Sheet Projects China Will Become One of World's Major Biopharmaceutical Players

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(1888PressRelease) In next 15 years China is anticipated to join U.S., Europe, and Japan as a leader in biopharmaceutical sector.

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									Global Health Progress Fact Sheet Projects China Will Become One of
World's Major Biopharmaceutical Players
(1888PressRelease) In next 15 years China is anticipated to join U.S., Europe, and Japan as a
leader in biopharmaceutical sector.

Washington, DC-MD-VA-WV (1888PressRelease) - Data revealed in Global Health Progress'
(GHP) new fact sheet shows that China is projected to become one of the world's major
biopharmaceutical players, along with the U.S., Europe, and Japan, in the next fifteen years. This
projection is based on China's commitment to improving access to healthcare by expanding its
biotechnology sector, increasing its exportation of biopharmaceuticals and investing in
pharmaceutical research and development (R&D).

China has one of the fastest growing economies in the world with a gross domestic product of
more than $8 trillion. Its biotechnology sector has become a bright spot in the Asia Pacific region
and the world markets, with an impressive average annual growth rate of 19.4% between 2000
and 2005, and is anticipated to become the world's third-largest pharmaceutical market in 2011, a
major increase over its #8 rank in 2000

Part of China's successful growth is due to its decision to improve access to healthcare by
increasing exports of biopharmaceuticals. For example, in 2006 China exported a total of US
$890 million in biopharmaceuticals - a 30.61% increase compared with the previous year. China
has also become the largest vaccine manufacturing country in the world, capable of producing 41
vaccines to prevent 26 viral diseases, and has become the third country to succeed in large-scale
production of genetically engineered insulin.

Additionally, China's pharmaceutical R&D expenditures are expected to reach US $10 billion or
2% of global spending by the end of 2010. The country is expected to contribute an additional
$40+ billion in annual sales by 2013, comparable to the level of increased sales forecast for the
US market in the same period.

China's investment in the biotechnology sector has translated into improvements regarding
access to healthcare and the country's economic growth through creating high-quality, highly
skilled jobs. Currently, there are more than 500 biotechnology companies in China with the
biopharmaceutical sector employing approximately 50,000 people. Additionally, pharmaceutical
R&D is taking the form of multinational biopharmaceutical companies setting up research
facilities in biotechnology parks in China, which can drive highly-skilled, high wage job growth
and encourage better access to healthcare.
Please view full PDF for additional information and list of sources.

About Global Health Progress:
Global Health Progress also supports efforts to raise awareness and mobilize resources to address
health challenges in the developing world by bringing local leaders together with international
health experts, policymakers, donor governments, and the private sector.
www.globalhealthprogress.org; twitter.com/globalhealth;
facebook.com/group.php?gid=35156473766; linkedin.com/groups?home=&gid=2972068

To stay informed on the latest news and updates from the biotechnology sector, investment in
pharmaceutical R&D and improving access to healthcare, sign up to receive special alerts and
newsletters. You can also spread the word about the efforts of the Global Health Progress
initiative and keep others informed about how we're affecting change around the world or share
your story about how you or someone you know is working to promote global health.

Visit, http://www.GlobalHealthProgress.org to get more information.

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