Medicine imports, exports rise as supply-side reform succeeds

Leading Chinese medicine and health products makers are keeping a foothold in developed countries as they foresee sustainable growth momentum in mature markets.

Last year, the total value of medicines and health products exported from China reached $60.7 billion, up 9.44 percent year-on-year, according to a report released this week by the China Chamber of Commerce for Import and Export of Medicines and Health Products (CCCMHPIE).

The growth rate was the highest in the past five years, reversing the declining trend in 2016. Of the total, exports of Western medicines reached $35.46 billion, jumping 12.62 percent year-on-year.