0522 GMT - China's pharmaceutical industry is set to gain from Beijing's new five-year plan, which emphasizes innovation-driven growth and technological self-reliance, says BMI, a unit of Fitch Solutions. It expects the sector to accelerate innovation in high-value segments, while continuing regulatory reforms strengthen China's global competitiveness. "China-based drugmakers stand to benefit from faster approvals and clearer compliance pathways," BMI says in a note. It expects global drugmakers to increasingly enter licensing agreements with Chinese pharmaceutical companies, reflecting confidence in the market's advanced R&D capabilities and their demand for new drug assets. BMI projects China's pharmaceutical market to grow robustly through 2034, reaching $344 billion in value with a 5.6% CAGR in dollar terms. (jason.chau@wsj.com)
(END) Dow Jones Newswires
October 29, 2025 01:22 ET (05:22 GMT)
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