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Is Foshan Dezhong Pharmaceutical a state-owned enterprise?
Yes Dezhong Pharmaceutical is a brand of Dezhong (Foshan) Pharmaceutical Co., Ltd. of Sinopharm Group. Sinopharm Dezhong (Foshan) Pharmaceutical Co., Ltd. is a Sino-foreign joint venture that was restructured from the former state-owned enterprise Foshan No.2 Pharmaceutical Factory in June of198+0/. It is a national high-tech state-owned enterprise, a "China Time-honored Brand" enterprise certified by the Ministry of Commerce, and a pharmaceutical manufacturer specializing in R&D, production and sales of Chinese patent medicines.
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