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China expresses hopes over Novo Nordisk's presence in market

Published by Global Banking & Finance Review

Posted on March 20, 2026

1 min read

· Last updated: April 1, 2026

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China expresses hopes over Novo Nordisk's presence in market
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BEIJING, March 20 (Reuters) - China hopes Novo Nordisk will "continue to cultivate the Chinese market and contribute to building a healthy China," said Ling Ji, China's vice commerce minister, during

China Urges Novo Nordisk to Strengthen Presence and Foster Healthy China

China's Expectations for Novo Nordisk in the Domestic Market

Official Statement from China's Vice Commerce Minister

Encouragement to Cultivate the Chinese Market

BEIJING, March 20 (Reuters) - China hopes Novo Nordisk will "continue to cultivate the Chinese market and contribute to building a healthy China," said Ling Ji, China's vice commerce minister, during a meeting with an executive VP from the Danish drugmaker on Friday, the ministry said.

Background and Reporting

(Reporting by Xiuhao Chen and Ryan Woo)

Key Takeaways

  • China emphasizes the strategic importance of Novo Nordisk’s presence in supporting its public health initiatives and building a ‘healthy China’ framework.
  • Novo Nordisk holds commanding shares in China’s diabetes treatment landscape, leading the insulin (51%) and GLP‑1 (77%) markets as of December 2023 (novonordisk.com).
  • The company is expanding its footprint via recent approvals—like Wegovy for obesity—and large-scale real‑world studies, even as competition mounts and semaglutide patent expiry looms in 2026 (fortune.com)

References

Frequently Asked Questions

What did China's vice commerce minister say about Novo Nordisk?
The minister expressed hope that Novo Nordisk will continue to cultivate the Chinese market and contribute to building a healthy China.
Who attended the meeting with Novo Nordisk and Chinese officials?
China's vice commerce minister Ling Ji met with an executive VP from Novo Nordisk.
What is China expecting from Novo Nordisk in the future?
China expects Novo Nordisk to maintain its investment and engagement in the Chinese market.

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