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Is the pharmaceutical industry a state-owned or private enterprise?
It is a state-owned enterprise. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively. Private enterprises refer to private enterprises. One pharmaceutical company refers to Guangdong Fang Yi Pharmaceutical Company, which is controlled by Jiangyin Fang Yi Pharmaceutical Company 100%. Jiangyin Pharmaceutical Company is directly controlled by the local government, so one pharmaceutical company is a state-owned enterprise.
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