Pharmaceuticals and medical technology Science and technology in China
the malaria drug artemisinin developed chinese scientists traditional chinese herbology part of traditional chinese medicine.
merrill lynch predicted in 2011 china become world s second largest pharmaceutical market in 2013 , largest in 2020. chief executive of hoffmann-la roche in 2012 stated few years ago many chinese life sciences scientists had leave china many returning conditions better in west regarding laboratories, funding, , political support industry. counterfeit drugs have caused number of scandals being problem drug development , authorities have increased regulations , enforcement.
a 2011 report pwc stated decade earlier china barely had presence in medical technology industry abilities had been rapidly growing. china become more important europe 2020.
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