Governmental Policies
China's pharmaceutical industry has been a major industry that was completely directed by the state and subject to central planning, upon which transition-era reforms since the 1980s to this day have had a major impact. The pharmaceutical industry has been shaken up following the implementation of several government-initiated structural reforms.
The main reforms included:
1. Requiring all pharmaceutical manufacturers to meet GMP standards by 2004,
2. Diminishing drug sales through hospitals,
3. Bidding publicly for drug purchase,
4. Implementing a national healthcare insurance system, and
5. Strengthening intellectual property protection and SFDA supervision.
The overall goal has been to improve manufacturing and distribution efficiencies, strengthen drug safety supervision, and separate hospitals from the drug retailing business.
Read more about this topic: Pharmaceutical Industry In The People's Republic Of China
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