Business Intelligence on Retailing, Franchising, and Consumerism in China


China Retail Drug Sales Reached CNY66 Billion In H1 2009

Yu Deming, the director of the China Pharmaceutical Enterprises Association, stated at "The 4th Growing Pharmaceutical Enterprise Development Forum" that China's drug retail market reached CNY66 billion in the first half of 2009, an increase of 15.8% compared with the same period in 2008.

According to Yu, China's top 100 drugstores all showed higher sales growths in the first nine months of 2009 than in the same period in 2008 and the sales growth of the entire pharmaceutical industry this year is expected to reach between 19% and 20%. In addition, the industry's total output in 2009 will be nearly CNY1 trillion and its total profit will be over CNY100 billion.

Yu said due to the rigid demands of the dominate market and the government's enhanced investment in medical system reform, the demands for common medicine increased by over CNY160 billion.

Statistics released by China's Ministry of Industry and Information Technology show that from January to August 2009, China's medical industry made profits of CNY59 billion, a year-on-year increase of 16.2%.






Be the first to comment on "China Retail Drug Sales Reached CNY66 Billion In H1 2009"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco