Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Trending in China: Why Has Japanese Director’s Documentary on Huawei Gone Viral?
China beats U.S. in patent filings for second straight year
BAIC BluePark to Debut First Electric Vehicle Powered by Huawei Lidar Technology in April
LATEST
News App Qutoutiao Narrows Losses Despite Revenue Drop
Could ByteDance Develop a Clubhouse-Style App for China?
South Korean EV Battery-Maker’s Misconduct ‘Extraordinary’ Says U.S. Trade Agency
Xiaomi Breaks Into Top Three Smartphone Brands in Latin America for First Time as Huawei Falls
Trip.com Reports Quarterly Profit Despite Revenue Decline
India Tries to Attract Tesla with Incentives to Lower Production Cost
Taiwan's Acer says component shortage squeezes PC makers
Trending in China: Why Has Japanese Director’s Documentary on Huawei Gone Viral?
Pinduoduo Doubles Sale of Agricultural Goods in 2020 Due to Covid-19 Lockdowns
BAIC BluePark to Debut First Electric Vehicle Powered by Huawei Lidar Technology in April
Baidu Completes Registration of New Electric Vehicle Venture with Geely
China beats U.S. in patent filings for second straight year
Baidu to Help Chinese Energy Giant’s Push for Digitalization
Tencent Cloud Plans First Mideast Data Center in Bahrain
Chinese Carmaker Dongfeng Pilots Robotaxi Service in Wuhan
Trending in China: China Shows Love For Beijing-Born Chloe Zhao and her Historic Golden Globes Win
Tencent Invests in Tim Hortons as Canadian Coffee Chain Embraces Digitalization
ByteDance Seeks to Grow Online Education Business with New Recruitment Drive
Pinduoduo Faces Work Culture Questions After Staff Deaths
Investment Gains Boost Tesla Challenger Li Auto to First Profit

By Teng Jing Xuan / Dec 04, 2018 12:22 PM / Society & Culture

Photo: VCG

Photo: VCG

Chinese companies that produce alternatives to the potent opioid fentanyl are seeing their stocks soar after U.S. President Donald Trump and Chinese President Xi Jinping reached an agreement to curb movement of the drug from China into the U.S. at the G-20 Summit Saturday.

Guangxi-based Galaxy Biomedical and Tibet AIM saw their Shenzhen stocks rise by the 10% daily limit Tuesday morning. Both companies produce fentanyl alternatives, Yicai reported.

Drugs like Carfentanil are analogous to fentanyl in terms of their effects and strength, but aren't legally considered fentanyl and stand a chance of slipping through legal loopholes if a fentanyl export ban comes into effect.

Related: Xi Pledges to Control Drug That Killed 29,000 Americans Last Year


Share this article
Open WeChat and scan the QR code