Slower Growth for Chinese APIs

The active pharmaceutical ingredients (API) sector in China will undergo slower growth this quarter, compared with the previous two quarters, according to speakers at the China International Pharma Summit 2008, held in Beijing earlier this month, media reports say. The expected slower growth is due to decreasing demand from the international market as a result of rising product prices, the appreciating value of the Chinese currency, and escalating costs of manufacturing, reports say. However, the entire pharmaceutical industry will continue to develop at a fast...

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