Drugs and health-care products

Health-care products are normal in Chinese people's life, although few of them have the effects they advertise. The high profit rate of this industry originates from the growing demand of the quickly aging population in China. By 2020, around 17 percent of the Chinese population will be over 60 years old. Their demand stimulates the development of this industry in China. The huge profit of the pharmaceutical industry is an open secret. The reform of China's medical care system and the transformation of its pharmaceutical industry in the direction of innovation will make the industry more regulated and competitive in the world market.