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Dying to Survive, China Shows the Way on Drug Prices

Bloomberg
Dying to Survive, China Shows the Way on Drug Prices

U.S. President Donald Trump exulted this week over Pfizer Inc.’s decision to delay planned drug price increases a day after he attacked the company on Twitter. He should take a look at China, where President Xi Jinping has done much better. Over the past two weeks, the U.S. pharmaceutical giant quietly cut the prices of more than a dozen of its medications in China by as much as 10 percent.  The country’s latest propaganda weapon isn’t social media, but a movie named “ Dying to Survive.” The low-budget film, released on July 5, has already taken in 1.8 billion yuan ($270 million) at the box office, ranking as the second-biggest earner in the world on its opening weekend, according to Variety.