Bitter pill: China vaccine scandal sparks online fury, roils markets


  • World
  • Monday, 23 Jul 2018

FILE PHOTO: A nurse prepares a vaccine to be given to a child in a hospital in Beijing, China, April 13, 2016. REUTERS/Damir Sagolj/File Photo

SHANGHAI (Reuters) - A vaccine scandal in China, which has prompted angry reactions from leaders and citizens fed up with safety scares in the country, is sending ripples across the local drug market and threatening Chinese ambitions to play a larger global role.

Shares in Chinese vaccine makers and biotech firms fell across the board on Monday after Premier Li Keqiang slammed Changsheng Biotechnology Co for having crossed a moral red line and called for swift action.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Russian attack hits school stadium, injures four children in Ukraine's Kharkiv
Poland's Tusk seeks to revive commission to investigate Russian influence
Survivor recounts moment he emerged from deadly South African building collapse
Thailand to recriminalise cannabis as PM vows to get tough on drugs
Russia says Germany using baseless 'hacker myths' to destroy ties
New York governor regrets saying Black kids in the Bronx don’t know what a computer is
Russia says it will target French troops if they are sent to Ukraine
Russia dismisses British arson allegations as provocation
South Korean town rattled by rogue canine alert
New members of elite Swiss Guard sworn in to protect the pope

Others Also Read