GSK sees Chinese sales drop

<p>Sales in China have fallen fast for GSK.</p>

Pharmaceutical company GlaxoSmithKline (GSK) has experienced a sharp drop in its sales figures for China.

The firm's sales in the Asian nation were down by 61 per cent in the July to September third quarter on the back of a corruption scandal.

GSK admits some of its executives in China broke the law earlier in the year and this has had a major impact on its business in Asia.

Andrew Witty, chief executive at GSK, suggested it is still too early to predict what the long term impact is going to be on the company.

"We continue to co-operate with the authorities and we remain fully committed to supplying our products to patients in the country," the firm said in a statement.

Despite the massive drop in sales GSK has experienced in China in the last few months, its share price has risen slightly in early trading this morning (October 23rd).

The firm's stocks were selling 0.16 per cent higher than at the start of the session at 08:19 BST.

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