MIIT and nine departments issue 15th Five-Year Plan for the pharmaceutical industry
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What happened
The Ministry of Industry and Information Technology, together with nine other central departments, published a new five-year pharmaceutical industry development plan on September 18, 2026. The plan sets a target for pharmaceutical enterprises above designated size to exceed 3.5 trillion yuan in operating revenue by 2030 and outlines priorities including innovation, supply-chain capability, quality upgrading, and sustainable development.
Why it matters
A jointly issued industrial plan from multiple central departments can shape credit allocation, local government projects, research funding, manufacturing approvals, and procurement behavior. For companies and provincial authorities, the release starts the next phase of implementation work and creates a benchmark against which follow-on policy documents and support measures can be tracked.
On September 18, 2026, China's Ministry of Industry and Information Technology and nine other departments released the 15th Five-Year Plan for the Development of the Pharmaceutical Industry. The document sets a 2030 target of more than 3.5 trillion yuan in operating revenue for pharmaceutical firms above designated size and centers policy support on innovation, industrial upgrading, and greener development. As a multi-ministry industrial plan, it provides an implementation signal for financing, regulation, procurement, manufacturing, and biotech capacity-building over the next planning cycle.
Watch for
National Medical Products Administration release of follow-on implementation measures for innovative drug review, manufacturing, or quality supervision by 2026-09-22 National Healthcare Security Administration notice on drug procurement or reimbursement rules tied to innovative medicines by 2026-09-22 National Development and Reform Commission or Ministry of Finance publication of funding or project support guidance for pharmaceutical manufacturing upgrades by 2026-09-22 Provincial MIIT departments in Jiangsu, Guangdong, or Shanghai issuing local rollout plans aligned with the new pharmaceutical plan by 2026-09-22
Sources
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