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China releases 15th Five-Year Plan targeting RMB 3.5 trillion pharmaceutical sector by 2030

China releases 15th Five-Year Plan targeting RMB 3.5 trillion pharmaceutical sector by 2030

Ten government agencies jointly issued China's pharmaceutical industry roadmap for 2026–2030, setting a 20% annual growth target for innovative drugs and aiming for China to account for 25% or more of global first-in-class new drug approvals by 2030.

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