Chinese drugmakers march into Africa

Foothold on the continent could give them sway in setting global standards

20230616 Caixin

Building a presence in Africa will help China's independently developed pharmaceutical products to enter the global market.

BAO ZHIMING and HAN WEI, Caixin

Chinese pharmaceutical companies are gearing up a foray into Africa with multibillion-yuan investments in local drugmaking facilities, lured by the unmet health care needs of the world's fastest-growing and most underserved continent.

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