Bulk government purchases halve drug prices in China

China's centralized drug bulk-buying program has helped slash the prices of 112 varieties of medicine by an average of 54 percent, the National Healthcare Security Administration said on Friday.

January 30, 2021

China issues guidelines to boost centralized drug bulk-buying

China has issued a set of guidelines to push forward the country's centralized drug bulk-buying program in a bid to make it a regular and institutionalized practice.

January 29, 2021

China to advance reform of centralized drug bulk-buying

China will take a step forward in its centralized drug bulk-buying program, and make it a regular and institutionalized practice to lower medical costs for the general public, the State Council executive meeting chaired by Premier Li Keqiang decided on Friday.

January 16, 2021

China's centralized procurement leads to 50% drop in prices of over 100 drugs

Three rounds of the Chinese government's centralized drug-procurement program over the past two years have seen 112 varieties of medicine selected, with the average price down by 54 percent, a National Healthcare Security Administration official said on Friday.

November 20, 2020