Fears grow over US drug supply’s rising dependence on Chinese ingredients

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A US House Select Committee on China held a hearing Wednesday to address growing concerns about the United States' increasing reliance on Chinese pharmaceutical ingredients. Lawmakers fear China is strategically dominating the medicine market, mirroring its approach in sectors like rare earths and electric vehicles, potentially impacting the supply of generic drugs and future biotech advancements. Republican representatives accused China of using long-term strategies and subsidies to control the entire pharmaceutical supply chain. Projections estimate China's drug and medical device businesses could generate over $2.1 trillion in revenue by 2030, driven by its aging population and global expansion. The hearing examined the implications of this dependence on US drug security.
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