China Vaccine Market

The China Public Market is classified as Category 1. Vaccines in the Public Market are regulated by the PRC government and generally given free of cost by the provincial CDC. In contrast, the private vaccine market is dominated by private vaccine companies. As a result, private vaccine prices are higher. China's vaccine market has faced several scandals in the past couple of years which certainly hinder the vaccine market growth. The majority of China's vaccinations have been exported to middle-income nations, leaving many of the world's poorest nations exposed. China can produce 5 Billion COVID-19 vaccines annually and only needs half to vaccinate its 1.4 billion people.