China lifts price control on most medicines
06-May-15, China Daily
China will lift price controls on most medicines starting from June 1, the country's economic planner said on Tuesday.
Medicine prices will be decided by the market, said the National Development and Reform Commission (NDRC) in an online notice to promote medicine price reforms.
%20AFP%20Photo_Anthony%20Wallace.jpg "China lifts price control on most medicines (c) AFP Photo Anthony Wallace")
Image: AFP Photo / Anthony Wallace
Only narcotics and some listed psychotropic drugs will continue to be controlled by the government, with ceiling retail prices, it said.
The reform will turn the government into a defender of orderly medicine market competition and help keep prices reasonable, said Chang Feng, head of the medicine price research institute of China Medical University.