Purpose – This paper reflects on the evolution of China's drug distribution industry from the planned economy era to the most recent dramatic shift, with a major focus on the analysis of the government's efforts of centralizing the drug distribution channel through adoption of e‐bidding...

Innovation maybe the ultimate driving force of a nation's economic growth and prosperity. According to Porter's theory of national competitive advantage, a nation's economic development typically goes through the following several stages: resource driven, investment driven and innovation driven...