China’s Medical Exports Tumble as World Moves On From Covid

China’s medical exports fell 26.1% year-on-year in the first half of 2023, dragged down by weaker demand amid a sluggish global economic recovery and a high base for comparison.

In the first six months, China exported $52 billion worth of medicine and medical equipment, according to data compiled by the China Chamber of Commerce for Import and Export of Medicines and Health Products, a state-backed business group.