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外 Waitan Ludi Policy Terminal China industrial-policy monitor · updated 2026-10-25

Sector radar / Pharmaceuticals

Pharmaceuticals rank 4 of 16 (range 2–9 under random weights) · evidence strong · set precision 10/10

Sector brief: what Chinese policy is doing in this sector, how it treats foreign firms, who is named, and what China sells abroad. Every figure links to its documents. Goods: Biologics and vaccines (3002), dosed medicines (3004).

Policy momentum +0.37Provincial spread +1.13Money -0.10Local preference +1.69Substitution +0.24Export growth -0.07Exports to EU, growth +0.42EU share +1.44Export / import -1.21EU dependence -1.00
78
Documents, last 24 months
momentum 1.08× · central 13, provincial 57, city 8
25
Provinces active (36 m)
Beijing, Tianjin, Hebei, Shanxi, Inner Mongolia, Liaoning …
57
Documents with money measures
28% of 204
22
Local-preference documents
11% · 10 name foreign-owned firms
$9.3bn
China's exports, 2025
13% a year since 2019
41%
to the EU-27
$3.8bn · 26% a year
4%
China's share of EU imports, 2025
3 points since 2019 · €4bn
0.2×
Exports per $ imported
imports $38.2bn
0 / 7
Start / end in 12 months
EU countervailing cases held: 0

Next five years: named in 14 of the 15 15th Five-Year Plan outlines held (11.5 mentions per 100k characters), against 7 of 7 14th-plan outlines (10.4): 1.1× as dense; up in 2 and down in 2 of the 4 places with both. Sanming: “搭建医药CMO、CDMO专业化服务平台,吸引上下游配套企业集聚,培育特色医药产业集群。” (outline)
Central plan: 工业和信息化部等十部门关于印发《医药工业发展“十五五”规划》的通知 (2026-08-28); no provincial restatement held yet; provinces have restated this sector's earlier central documents 179–311 days after them (quartiles), so the typical province's restatement falls Feb 2027 – Jul 2027; the first can come much sooner. Plan watch.

Reading, by audience

Risk and trade policyPolicy output on pharmaceuticals is steady relative to the rest of the corpus (78 documents in 24 months, in 25 provinces). China exported $9.3bn of these goods in 2025, +13% a year since 2019; 41% went to the EU-27 (+26% a year). Exports to the EU peaked in 2021 ($8.1bn) and are -54% since, while exports to the world are -71%. From the EU side, China supplied 4% of the EU's imports of these goods from outside the EU in 2025 (+3 points since 2019). No EU countervailing case held on these goods.
Compliance and legal22 of 204 documents (11%) carry a provision or condition that favours local or Chinese firms or production, 10 naming foreign-owned firms as the ones disadvantaged. 0 sector measures come into force and 7 expire in the next 12 months.
Investors57 documents (28%) carry a fiscal or financial support measure. 0 firms are named on lists in these documents.
ResearchSector set: 140 documents whose title names the sector, plus 80 in its topic tree (204 together). Measures and preference are keyword and model screens: leads to check against the text. Momentum is relative to the corpus, which reduces but does not remove the effect of uneven collection.
Topic tree: pharma → Exposure check for this sector → Subsidy file (anti-subsidy headings) → Ask the evidence about this sector ↗ All sectors → Subscribe (Atom) JSON Print brief

Documents per year

CentralProvincialCityCounty
02040601314151617181920212223242526032

Documents held, so collection shapes the curve; the momentum ratio is relative to the corpus.

China's exports, USD bn

WorldEU-27US
$0$10bn$20bn$30bn$40bn2019202020212022202320242025World $9.3bnEU-27 $3.8bn
Headingworldgrowth/yrEU-27EU since 2023share of EU imports
Vaccines and biologics 3002$1.2bn9%$267m 104% 1%
Dosed medicines 3004$8.0bn13%$3.5bn 125% 7%

EU price and volume: imports from China €354.58/kg against €367.22/kg from other suppliers in 2025 (-3%; -61% in 2023). Volume since 2023: China 25%, others 3%.

Central → local: who restated the sector's central documents

DateCentral documentprovincesmedian lag
2024-12-30国务院办公厅关于全面深化药品医疗器械监管改革促进医药产业高质量发展的意见
Opinions of the General Office of the State Council on Comprehensively Deepening Reforms in the Regulation of…
国办发〔2024〕53号
8297 d trace →
2021-01-22国务院办公厅关于推动药品集中带量采购工作常态化制度化开展的意见
Opinions of the General Office of the State Council on Promoting the Regularised and Institutionalised Implem…
国办发〔2021〕2号
41662 d trace →
2025-12-05国家医保局 人力资源社会保障部关于印发《国家基本医疗保险、生育保险和工伤保险药品目录》以及《商业健康保险创新药品目录》(2025年)的通知
Notice from the National Healthcare Security Administration and the Ministry of Human Resources and Social Se…
医保发〔2025〕33号
421 d trace →
2025-03-15国务院办公厅关于提升中药质量促进中医药产业高质量发展的意见
Opinions of the General Office of the State Council on Improving the Quality of Traditional Chinese Medicine …
国办发〔2025〕11号
3163 d trace →
2025-06-30国家医保局 国家卫生健康委关于印发《支持创新药高质量发展的若干措施》的通知
Notice from the National Medical Insurance Administration and the National Health Commission on the Issuance …
医保发〔2025〕16号
1179 d trace →
2025-04-03工业和信息化部等七部门关于印发《医药工业数智化转型实施方案(2025—2030年)》的通知
Notice from the Ministry of Industry and Information Technology and Six Other Departments on the Issuance of …
工信部联消费〔2025〕79号
1565 d trace →
2021-12-22关于印发“十四五”医药工业发展规划的通知
Notice on the Issuance of the ‘14th Five-Year Plan’ for the Development of the Pharmaceutical Industry
工信部联规〔2021〕217号
11024 d trace →
2021-10-29国家发展改革委 工业和信息化部关于推动原料药产业高质量发展实施方案的通知
Notice from the National Development and Reform Commission and the Ministry of Industry and Information Techn…
发改产业〔2021〕1523号
1311 d trace →

Across all State Council directives the median lag to a province's implementing document is about 151 days (middle half 84–259).

Where in China

Provincedocuments (36 m)leanswith moneyfavouringlocal-only programmes
Shanghai24×2.755 15% of 620 exposure →
Hubei7×2.011 7% of 266 exposure →
Shandong5×2.700 4% of 169 exposure →
Beijing4×0.902 13% of 100 exposure →
Sichuan4×0.810 8% of 451 exposure →
Chongqing3×1.510 0% of 67 exposure →
Guizhou3×1.910 1% of 209 exposure →
Fujian2–20 2% of 199 exposure →
Anhui2–10 0% of 26 exposure →
Jiangsu2–00 6% of 141 exposure →
Tianjin2–11 0% of 9 exposure →
Jiangxi2–10 5% of 111 exposure →

Latest central documents

2026-08-28工业和信息化部等十部门关于印发《医药工业发展“十五五”规划》的通知
Notice from the Ministry of Industry and Information Technology and Nine Other Departments on the Issuance of…
工信部联规〔2026〕210号
2026-03-20国家药监局关于印发药品现代物流规范化建设指导意见的通知
Notice of the National Medical Products Administration on the Issuance of the Guidelines on the Standardisati…
国药监药管〔2026〕7号
2026-03-11国家药监局关于“人工智能+药品监管”的实施意见
Implementation Guidelines of the National Medical Products Administration on ‘Artificial Intelligence and Med…
国药监综〔2026〕6号
2025-12-08关于印发第四批鼓励仿制药品目录的通知
Notice on the Issuance of the Fourth Batch of the Catalogue of Medicines Encouraged for Generic Production
国卫办药政函〔2025〕483号
2025-12-05国家医保局 人力资源社会保障部关于印发《国家基本医疗保险、生育保险和工伤保险药品目录》以及《商业健康保险创新药品目录》(2025年)的通知
Notice from the National Healthcare Security Administration and the Ministry of Human Resources and Social Se…
医保发〔2025〕33号
2025-08-18国务院关于《中国(江苏)自由贸易试验区生物医药全产业链开放创新发展方案》的批复
Approval by the State Council of the ‘Plan for Open and Innovative Development of the Full Biopharmaceutical …
国函〔2025〕80号
2025-07-10国家医疗保障局关于公布《2025年国家基本医疗保险、生育保险和工伤保险药品目录及商业健康保险创新药品目录调整工作方案》等相关文件的公告
Announcement by the National Healthcare Security Administration on the Publication of the ‘Work Plan for the …
2025-06-30国家医保局 国家卫生健康委关于印发《支持创新药高质量发展的若干措施》的通知
Notice from the National Medical Insurance Administration and the National Health Commission on the Issuance …
医保发〔2025〕16号

Latest local documents

2026-10-20贵州省健康医药产业高质量发展实施方案(2026-2030年)(征求意见
Implementation Plan for the High-Quality Development of the Health and Pharmaceutical Industry in Guizhou Pro…
Guizhou Provincial People's Government
2026-08-31关于取消个别企业中选资格并列入违规名单的公告
announcement · 山东省全国中药饮片联盟采购办公室
2026-08-18关于公开征求《山东省医药工业“十五五”发展行动方案(征求意见稿)》意见的公告
announcement · Shandong Provincial Department of Industry and Information Technology
2026-07-30北京市药品监督管理局等单位关于印发《北京市生物医药研发用物品进口工作方案》的通知
Notice from the Beijing Municipal Drug Administration and Other Organisations on the Issuance of the ‘Work Pl…
北京市药品监督管理局 北京市经济和信息化局;北京市科学技术委员会、中关村科技园区管理委员会;北京市商务局
2026-06-23关于印发《关于支持生物医药外资企业高能级项目落地的若干措施》的通知
Notice on the Issuance of the ‘Several Measures to Support the Establishment of High-Level Projects by Foreig…
Shanghai Municipal Commission of Science and Technology
2026-06-03《药品生产许可证》注销名单(共计1家)序号企业名称许可证编号社会信用代码法定代表人企业负责人质量负责人生产地址和生产范围
Document · Hebei Provincial People's Government
2026-06-02关于报送2026年度生物医药工程高、中级专业技术资格评审申报材料的通知(苏药监人〔2026〕30号)
notice · Jiangsu Provincial Bureau of Drug Administration
2026-05-31市人民政府办公厅关于印发武汉市支持生物医药产业创新发展若干措施的通知
Notice from the General Office of the Municipal People’s Government on the Issuance of Several Measures to Su…
General Office of the Wuhan Municipal People's Government
2026-05-28省药品监督管理局关于开展全省无菌药品生产质量安全提升行动的通知(鄂药监函〔2026〕51号 )
notice · Hubei Provincial Bureau of Drug Administration
2026-05-11北京市商务局关于印发《推进医药健康产业发展促进药械产品进口工作方案》的通知
Notice from the Beijing Municipal Bureau of Commerce on the Issuance of the ‘Work Plan for Promoting the Deve…
Beijing Municipal Bureau of Commerce

Measures

MeasureGroupFoundchecked precision
Capital grantFiscal and financial support4670%
Tax reliefFiscal and financial support1680%
Local registration conditionLocalisation conditions960%
Local production conditionLocalisation conditions820%
Credit guaranteeFiscal and financial support690%
Interest subsidyFiscal and financial support590%
First-of-a-kind supportFiscal and financial support3100%
Procurement preferencePublic procurement340%
Import duty relief on inputsTrade and foreign investment2not checked
Local content conditionLocalisation conditions230%

Precision from the Data page: samples of ten, checked by the AI assistant; a human-coded sample is still to come.

Money on the table

市人民政府办公厅关于印发武汉市支持生物医药产业创新发展若干措施的通知 2026-05-31 · Guidance fund / state equity
支持开展“1到2”阶段天使投资,由政府投资基金联合社会资本共同开展投资。
四川省人民政府办公厅关于印发《四川省支持生物医药和医疗器械产业高质量发展若干政策措施》的通知 2025-12-15 · Capital grant
对我省取得1类创新药《药品注册证书》并成功上市的首任药品上市许可持有人,按照其国内Ⅰ期、Ⅱ期、Ⅲ期临床试验不同阶段的实际投入给予不超过研发投入的20%,最高分别300万元、500万元、700万元省级财政支持,对每个持有人年累计支持金额最高5000万元。
重庆市人民政府办公厅关于印发《重庆市全链条支持创新药高质量发展若干措施》的通知 2025-11-01 · Capital grant
支持中药制剂备案,对完成备案并实现销售的单个品种给予10万元奖励。
天津滨海高新区关于促进生物医药产业高质量发展的鼓励办法(修订版) 2025-09-24 · Capital grant
对企业自主研发或引进的一类、二类创新药,进入I、II、III期临床试验阶段的,按照研发进度分阶段给予单品种最高300万元、500万元、1500万元资金支持;
安徽省人民政府关于公布一批省政府文件清理结果的决定 2025-09-13 · Tax relief
2.删除文件第五条“企业办的各类学校、托儿所、医院(包括门诊部、诊疗所)等自用的房产,免征房产税”。
关于开展生物医药人体临床试验责任保险、产品责任保险工作的通知 2025-09-08 · Capital grant
市级财政资金安排对符合条件的主体保费给予50%的财政补贴,单个保单的补贴不超过50万元。

Rules that favour local or Chinese firms

ProvisionHowDisadvantages
“申请单位应为本市注册的生物医药企业(研发机构),且为报关单实际收货人或者消费使用单位。” Local registration / taxother regions
“强化从土地获取、开工建设到生产变更申报、上市流通销售等全方位支持,提高进口转本地生产项目落地效率。” Local production requirementimports, other regions
“研究制定医疗器械注册证跨省转移的落地政策与服务流程,对转入本市注册的Ⅱ类医疗器械,优化申报资料及核查程序。” Local registration / taxother regions
“对境内隶属于同一集团或者具有同一实际控制人的企业,将已获准境内注册且在有效期内的第二类医疗器械注册证迁入我省注册且自行生产的,若产品无实质改变,符合现行法律法规及强制性标准,完成工艺验证且检验合格的,在申报产品注册时,可使用原产品注册时的综述资料、非临床资料(安全和性能基本原则清单、产品技术要求及…” Local registration / taxother regions
“对在研重点药品、进口转本地生产药品优先进行注册抽样和检查,同步开展注册核查与生产质量管理规范符合性检查。” Local production requirementimports, other regions
“支持天津市生物医药领域重点高校、医疗机构、科研院所等在高新区布局建设成果转化平台,支持拥有自主知识产权项目团队在区内发展,给予最高50万元资金支持。” Ownership, own-brand or own-IP testforeign-owned firms

Keyword and model screens: leads to check against the document, not findings. Newest first, one per document.

Coming into force (12 months)

No in-force date in the next 12 months.

Expiring (12 months)

Firms named most often

FirmOwnershipListings
No firm lists in these documents.

Listed groups: reported government grants

No listed group in this sector with HKEX grants extracted.

How this sector is defined

140 documents whose title matches 生物医药|医药产业|医药工业|创新药|原料药|生物药|医药制造|药品(?:研发|生产|创新), plus 80 in the topic tree pharma; 204 together. Goods: HS 3002, 3004. Measures and preference provisions are screen output; open each document for the clause.