Russia's wheat exports rose by 13.7% to 48 million tons in the 2025/26 agricultural season, up from 42.2 million tons the previous season. The increase occurred despite heightened global competition, with key importers including Egypt, Turkey, Sudan, Saudi Arabia, and Kenya.
China's volume-based procurement policy forces multinational drug companies to lower prices for public hospital purchases while allowing biotech firms to charge premium prices in the private market. The dual-track system benefits internet healthcare platforms and private healthcare providers like Alibaba Health, Yifeng and Hygeia, according to Citi research.
China's volume-based procurement policy, which mandates bulk drug purchases for public hospitals, is intensifying price competition for multinational pharmaceutical companies while creating more profitable channels for domestic biotech firms in the private market. Analysts note potential benefits for internet healthcare platforms, pharmacies, and private hospital services.
