Jul. 4, 2012 (China Knowledge) - China's pharmaceutical industry realized RMB 671.96 billion in output value in the first five months of this year, 19.2% more than in the corresponding period of last year, said the National Development and Reform Commission
in a statement published on its website.
The output value of the chemical original drug manufacturing sector rose 12.9% YoY to RMB 127.64 billion, and that of the chemical preparation manufacturing sector grew 21.3% YoY to RMB 191.38 billion.
The Chinese traditional patent medicine generated RMB 151.29 billion in output value in the first five months, up 21% YoY, and the medical equipment and appliance sector grew 20.6% YoY to RMB 55.69 billion.
The pharmaceutical industry saw its sales-to-output ratio rise 0.4 percentage points to 95.6% in the first five months.
In May, the pharmaceutical industry's output value grew 17.2% YoY to RMB 146.93 billion, and the growth rate was 2.3 percentage points higher than that in April.