• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
The logo of the British pharmaceutical company AstraZeneca is seen at the company's  China Commercial Innovation Centre (CCIC) in Wuxi, Jiangsu province, China, September 15, 2018.  Adam Jourdan
The logo of the British pharmaceutical company AstraZeneca is seen at the company's China Commercial Innovation Centre (CCIC) in Wuxi, Jiangsu province, China, September 15, 2018. Adam Jourdan
Home
Business
Healthcare & Pharmaceuticals

AstraZeneca will seek to "love the Communist Party", its China boss says

May 19th, 2023 | 09:33 AM BUSINESS Healthcare & Pharmaceuticals 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Congo set to receive 70,000 Ervebo vaccines to contain Ebola outbreak, WHO says
Green giant: How Taylor Farms became a top salad supplier before US diarrhea outbreak
Congo's M23 rebels introduce new movement restrictions over Ebola concerns
First screwworm case detected in Mexican state of Sonora
By Brenda Goh, Joe Cash

Global drugmaker AstraZeneca will seek to be a patriotic company in China that "loves the Communist Party", its China president said on Friday.

Wang Lei, who is also the company's global executive vice president, made the comment at an event in the eastern city of Wuxi to celebrate the drugmaker's 30th year in China, according to a person familiar with the matter.

While many local companies have in recent years pledged allegiance to the ruling Chinese Communist Party as President Xi Jinping has strengthened its social and economic role, such messaging is still unusual from foreign ones.

"Build a local, transnational company that loves the Communist Party and loves the country," Wang said in his presentation to an audience of a few hundred participants. Photographs showed the words flashing across a screen behind him.

In response to questions from Reuters on whether Wang’s pledge, and the contents of the presentation, were approved by AstraZeneca’s senior management, a spokesperson at the company’s headquarters in Cambridge declined to comment.

The spokesperson also declined to comment on what Wang’s comments meant for its business plans in China.

Among the world's biggest pharmaceuticals companies, AstraZeneca's large and growing business in China is notable. It is the country's biggest drugmaker and has operated there for 30 years.

Last year it made 13% of its sales there, and it is investing $450 million in a factory to make inhalers to treat "smoker's lung".

Since China started reopening its borders this year after it zero-COVID policy ended, many heads of foreign firms include AstraZeneca's CEO Pascal Soriot and Apple's Tim Cook have visited to stress their commitment to the country.

AstraZeneca was upbeat about China's economy, had signed three licensing deals with Chinese companies and was interested in doing more, Soriot said in a first-quarter earnings call this month.

A recent crackdown on consulting and due diligence firms by Chinese authorities has unnerved many foreign companies, which have tended to use such consultancies to research the market and prospective deals.

  • Topic
  • ASTRAZENECA
  • CHINA/ (UPDATE 1)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Congo set to receive 70,000 Ervebo vaccines to contain Ebola outbreak, WHO says

Related Posts

Healthcare & Pharmaceuticals
August 20th, 2026

Congo set to receive 70,000 Ervebo vaccines to contain Ebola outbreak, W...

Healthcare & Pharmaceuticals
August 20th, 2026

Green giant: How Taylor Farms became a top salad supplier before US diar...

Healthcare & Pharmaceuticals
August 20th, 2026

Congo's M23 rebels introduce new movement restrictions over Ebola concer...

Healthcare & Pharmaceuticals
August 20th, 2026

First screwworm case detected in Mexican state of Sonora

Healthcare & Pharmaceuticals
August 19th, 2026

Multistate salmonella infections climb to 431, US CDC says

Healthcare & Pharmaceuticals
August 19th, 2026

Ultragenyx's gene therapy wins first FDA approval for rare metabolic dis...

The Wire
Aug 20th 5 h ago
Business

AI productivity gains may not curb inflation, IMF's Tenreyr...

Aug 20th 6 h ago
Aerospace & Defense

Latvia says drone in its airspace on August 14 was Ukrainia...

Aug 20th 6 h ago
India

Indian central bank deputy urges banks to improve retail fo...

Aug 20th 6 h ago
Baseball

Guardians chase elusive home series win in matchup vs. Gian...

Aug 20th 6 h ago
Americas

Brazil to keep fiscal framework, spending restraint under n...

TRENDING ON FINANCETIME
Aug 20th, 2026 Asia Pacific

Bangladesh elects ruling party veteran Alamgir as president

Aug 20th, 2026 Africa

AFRICA-FX-Ghana's currency back under pressure, Uganda's on front foot

Aug 20th, 2026 Soccer

How would a vote of no confidence work to oust FIFA president Infantino?

Aug 20th, 2026 Europe

Romania destroys marine drone near Neptun Deep gas project, minister says

Aug 20th, 2026 Baseball

Sal Stewart, Reds strive for edge in finale of 5-game series vs. Cards

Markets-Sectors
TELECOMMUNICATIONS SERVICES +0.03%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT