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Why did SmithKline Squibb start China and America?

The reasons for this problem are as follows:

1. Sino-American Shanghai Squibb Pharmaceutical Co., Ltd. is a pharmaceutical (group) corporation jointly invested by Bristol-Myers Squibb Company, China Pharmaceutical Foreign Trade Company and Shanghai Pharmaceutical Sino-American Shanghai Squibb Pharmaceutical Co., Ltd.

2. It is the first Sino-US joint venture pharmaceutical enterprise established in China.

3. The company is located in Minhang High-tech Park, Shanghai, covering an area of about 53,000 square meters and a building area of about 36,000 square meters. Since its establishment, the company has designed, produced, managed and operated in strict accordance with GMP standards.