Chinese Drugmakers March Into Africa Seeking New Business Foothold

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by Bao Zhiming and Han Wei for Caixin Global

“Chinese pharmaceutical companies are gearing up a foray into Africa with multibillion-yuan investments in local drugmaking facilities, lured by the unmet health-care needs of the world’s fastest growing and most underserved continent.

Wuhan Humanwell Hi-tech Industry Co. Ltd. is the latest Chinese drugmaker to unveil plans to build a factory in Africa…”

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