China Medicine Corp.’s (CHME) Growth Matches Red-Hot Chinese Economy
China's economy is booming and the pharmaceutical industry is keeping pace within the country. The country's pharmaceutical market is expected to be the world's fifth largest by 2010 and the largest by 2050. China has already captured a significant market share of the world's pharmaceutical market and will likely continue to grow. The Chinese drug market is currently valued at $18.5 billion reporting a 14% increase in annual growth. By 2010 it is expected that drug sales will rise to $28 billion. China Medicine Corp. is already capitalizing on these developments, as the company registered improved results for the first…
