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News on Healthcare in China

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How China reacted to US exit from WHO
Jul 17, 2020 (WiC 504)

On July 6 the United States formally notified the World Health Organisation of its plans to withdraw from the United Nations body in a three-line letter. The move, which will take a year to complete, was clearly signalled in advance – US ...

Targeted market

Chinese oncology companies rush for IPOs
Jul 10, 2020 (WiC 503)

Gracell, a Shanghai-based biotechnology start-up, prides itself on offering chimeric antigen receptor (CAR) T-cell therapy at a far more affordable price than its European and US rivals. Last December the three year-old firm told Bloomberg ...

Which two IPOs locked up $19 billion of funds in Hong Kong?
Jun 26, 2020 (WiC 501)

The peg of the Hong Kong dollar to the greenback has been around since 1983. Bears have loudly predicted it will come under strain in the next 18 months, citing the decoupling of the world’s two largest economies, the US and China. But despite ...

The second wave

Beijing in ‘soft lockdown’ after new outbreak
Jun 19, 2020 (WiC 500)

Back in February Chinese President Xi Jinping gave strict orders that Beijing be protected from the coronavirus. “The security and stability of the capital city have a direct bearing on the overall work of the Party and the country,” hesaid ...

Triumphant return

CSPC Pharmaceutical to become largest stock on STAR Market
Jun 19, 2020 (WiC 500)

When CSPC Innovation Pharmaceutical – which supplies caffeine to Coca-Cola, Pepsi and Red Bull – went public on Shenzhen’s ChiNext board last March, market observers were excited that it might signal the return of its bigger Hong ...

Drugmaker Hengrui’s hospital kickbacks in the spotlight
May 29, 2020 (WiC 497)

In the romcom Love & Other Drugs, Jake Gyllenhaal, who plays a roguish sales rep, goes to great lengths to hawk a treatment for depression called Zoloft. Tactics include charming receptionists so he can wrangle openings to pitch to ...

Restraints on China’s medical equipment boom
May 22, 2020 (WiC 496)

Shenzhen-based Aibaoda Technology used to sell earphones, microphones and loudspeakers. Tus Data Asset developed blockchain technology and electronic devices. But they both changed direction this year to supply medical equipment – that is, ...

Ancient cures to the fore

How much did traditional Chinese medicine help in country’s virus battle?
May 1, 2020 (WiC 493)

The stupidest thing the United States ever did, said former US Navy Secretary Dan Kimball, was to accuse Qian Xuesen of being a Communist spy. Later the US swapped the rocket scientist for American pilots captured in the Korean War. Qian was then ...

Chinese firms are frontrunners in the race to develop Covid-19 vaccines
Apr 24, 2020 (WiC 492)

When a needle was plunged into his arm in mid-April, 18 year-old Zang Weiye became the youngest man in China to be given a trial vaccination against the novel coronavirus. He was reported to be suffering a slight fever and fatigue after the ...

Gree starts new line making medical equipment
Apr 24, 2020 (WiC 492)

American firms have ramped up their share buybacks over the past 10 years. Riding on the low interest rate environment, many borrowed to do so. The amounts spent on share repurchases came close to topping $1 trillion last year, as companies tried ...

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