China has more than 1.3 billion people and has become the 9th largest drug market in the world--with $9.5 billion in annual sales. So--it should come as no surprise that big pharma is furiously trying to grab a piece of that market--which by some estimates could be wroth $25 billion in the next three years.
That's provided, of course that U.S. drugmakers can overcome the country's enormous regulatory hurdles--and reputation for corruption.