The unregulated expansion of pharmacies has led to the rise of numerous private chain pharmacy giants. However, the emergence of these private pharmacies has clearly threatened the profits of the CCP-controlled medical system, catching the attention of high-ranking CCP officials. Consequently, following anti-corruption actions in the healthcare sector, pharmacies have recently become a high-risk industry. Recently, news that Xie Zilong, chairman of Chinese chain pharmacy giant “LBX Pharmacy,” was detained and put under investigation by CCP authorities caused a market shock.
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Hunan’s Richest Man Arrested! China’s Largest Pharmacy Chain Probed, 14,000 Stores Nationwide
