Shuli Ren, Columnist

Dying to Survive, China Shows the Way on Drug Prices

If Trump thinks he did well with Pfizer, he should look across the Pacific.

They said how much?

Photographer: Kevin Lee/Bloomberg

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U.S. President Donald Trump exulted this week over Pfizer Inc.’s decision to delay plannedBloomberg Terminal drug price increases a day after he attacked the company on Twitter. He should take a look at China, where President Xi Jinping has done much better.

Over the past two weeks, the U.S. pharmaceutical giant quietly cut the prices of more than a dozen of its medications in China by as much as 10 percent.