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Is Huabei Pharmaceutical a state-owned enterprise?
Yes
According to official website of Huabei Pharmaceutical, Huabei Pharmaceutical Group Co., Ltd. is one of the largest pharmaceutical enterprises in China, located in Shijiazhuang, the capital of Hebei Province. The company's predecessor, North China Pharmaceutical Factory, was a national key construction project during the First Five-Year Plan period. The 156 key project aided by the former Soviet Union consists of an antibiotic factory, a starch factory and a medical glass factory imported from the former Democratic Republic of Germany.
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