Space News from SpaceDaily.com
UK drugs giant AstraZeneca to invest $15 bn in China
ADVERTISEMENT


Beijing, Jan 29 (AFP) Jan 29, 2026
British pharmaceutical group AstraZeneca said Thursday that it would invest $15 billion in China through 2030 to expand its medicines manufacturing and research, during a trip by UK Prime Minister Keir Starmer to Beijing.

"China... has become a critical contributor to scientific innovation, advanced manufacturing, and global public health," AstraZeneca's chief executive Pascal Soriot said in a statement.

China is AstraZeneca's second-largest market after the United States, where the company has recently invested heavily under pressure from President Donald Trump.

"This will be our largest investment in China to date," Soriot said as he accompanied Starmer in China, a company spokesperson told AFP.

Starmer's visit is the first by a British prime minister since 2018, and follows a slew of Western leaders seeking a rapprochement with Beijing as they pivot away from an increasingly unpredictable United States.

"AstraZeneca's expansion and leadership in China will help the British manufacturer continue to grow -- supporting thousands of UK jobs," Starmer said in the statement released by AstraZeneca.

"Unlocking opportunities for British businesses across the globe... is always the driving force behind my international engagements," he added.

AstraZeneca last year announced plans to invest $2.5 billion in China over five years to fund a strategic research and development centre.

The announcement came as Leon Wang, former president of AstraZeneca China, was detained in the country in an investigation into suspected illegal data collection and drug imports by the group.

AstraZeneca has operated in China for more than thirty years.

mhc-ajb/bcp/js



ASTRAZENECA


ADVERTISEMENT





Space News from SpaceDaily.com
SpaceX eyes IPO timed to planet alignment and Musk birthday: report
Earliest launch window to ISS set for February 11: NASA
Why PR Boxes Are Powerful Tools for Product Launches

24/7 Energy News Coverage
Gold soars towards $5,600 as Trump rattles sabre over Iran
Online platforms offer filtering to fight AI slop; EU lawmakers want AI to pay for using copyrighted work
Electron ordering mapped in quantum material with cryogenic 4D-STEM

Military Space News, Nuclear Weapons, Missile Defense
North Korea to soon unveil 'next-stage' nuclear plans, Kim says
Greenland dispute is 'wake-up call' for Europe: Macron
Trump warns US to end support for Iraq if Maliki returns

24/7 News Coverage
NASA advances space based tracking of marine debris
Trump-era trade stress leads Western powers to China
Trump troop deployments in US cities cost nearly $500 mn in 2025



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.