China’s cabinet approved a plan on Wednesday to support seven strategic emerging industries by 2015 amid a slowing Chinese economy, Reuters reported. “As the economy faces increasing downward pressure, it has great significance in maintaining long-term steady and relatively fast growth,” the State Council said in a statement after a meeting presided over by Premier […]
Category: Health Care
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Diabetes soars in China
The number of people suffering from type 2 diabetes surged by over 30% in the past seven years to 12.6% of the population, according to a survey of 7,400 Shanghai residents, Reuters reported. The survey, led by Rui Li at Shanghai Municipal center for Disease Control and Prevention, found that “unlike the gradual transition in most […]
by Helen Chen and Yanyan Lin
China National Tobacco, the country’s cigarette monopoly, may have taken in more profit in 2011 than commercial giants such as HSBC (HBC.NYSE, HSBA.LON, 0005.HKG) and Wal-Mart (WMT.NYSE), Bloomberg reported. Industrial Bank (601166.SS) gave the world a rare glimpse into the state-owned tobacco company’s performance because China National Tobacco is buying a stake of US$82.62 billion […]
US pharmaceuticals company Pfizer (PFE.NYSE) is looking to partner with more Chinese drug companies after announcing a Chinese joint venture this week, Reuters reported. “We are exploring business development opportunities, including partnerships with local companies that allow us to successfully expand into the generics segment of the market,” a Pfizer spokesman said. The announcement came […]