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China Offers Level Field In Trade Pact Bid But Multiple Pharma Barriers Remain

Provincial Schemes, Security Concerns Still Challenging

 
• By Brian Yang

China has signaled that it will offer a more level playing field to foreign players as part of a bid to join a major regional trade pact but some see the gesture as offering little real relief and high hurdles remain.

China_Stock_Market
CHINA OFFERS A LEVEL PLAYING FIELD BUT SOME HIGH HURDLES REMAIN • Source: Alamy

As the world’s second-largest single country pharma market, China has leveraged its size in exchange for pricing concessions from international drug makers, pitting them against domestic players in a fierce price-cutting race without considering product quality and the impact on patients of abrupt product switches.

But now the situation could change.

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