Pharmacy emerges as Chongqing’s No.1 high-tech manufacturing segment

2009-02-25 Chongqing

Pharmacy became Chongqing’s No.1 segment in the high-tech manufacturing sector during 2008 despite the global financial crisis, accounting for 47.6 percent of the entire sector in the Chinese city. Output of Chongqing’s pharmaceutical manufacturing segment for the year 2008 were RMB14 billion (approximately US$2,048 million), up 37.9 percent year on year. In addition, Chongqing Taiji Industry Group posted record sales of more than RMB10 billion (US$1.5 billion) for the year, a year-on-year rise of 20 percent.