The importance of Chinese drug manufacturers is significant on a global scale

The importance of Chinese drug manufacturers is significant on a global scale
There is a basic consensus in manufacturing, both apparel and industrial, that China is the most cost effective manufacturer, and this applies to pharmaceutical manufacturing as well. International pharmaceutical experts claim that it is normal for laboratories to turn to China-based suppliers of active pharmaceutical ingredient because nearly half of the world's certified pharmaceutical suppliers are located in China, while suppliers elsewhere are not capable of supplying a pharmaceutical market with such high demand. 
The expert added that "the low cost of labor and raw materials has led to the continuous outsourcing of some products, especially in places such as India and China, which are equipped with sufficient structures to produce a large number of products of acceptable quality and certified by international organizations and regulatory bodies." . In addition to lower start-up costs for labs and employees, Chinese companies can rely on state support, including public subsidies and tax breaks from the government.
In recent years, Chinese pharmaceutical suppliers have rapidly climbed past India into a leadership position. China is a government-run market for pharmaceutical suppliers, and the Chinese Ministry of Health is focused on controlling overall health spending while paying more for new, more effective drugs. In this market environment, biotech companies are in a better position to thrive. It is in this favorable policy environment that Chinese pharmaceutical suppliers, both active pharmaceutical ingredient suppliers and finished product suppliers, are able to expand their production capacity to supply the global pharmaceutical market while controlling costs, which is why Chinese drug manufacturers are so important in the global pharmaceutical market.