re: The effects of WTO entry on the China Pharmaceutical sector..
Now this is old news, however it's an interesting article worth reading IMHO..
cnchemicals.com
WTO Brings New Structure for Pharmaceutical Industry (Last Update: 11/01/2001)
After entering the WTO, the Chinese pharmaceutical industry will enter a new structurer.
1) Competition in China means the competition in the world: After WTO China will becomes the major production base of bulk pharmaceutical and preparation; the import & export will increase greatly; the gap between the Chinese product and oversea product will be shorten; and the competition will be severe and the domestic competition means the international competition.
2)Large enterprises will emerge in the next few years: After WTO, maybe 5 year later, some large enterprises, especially those that are listed in stock market, will form and their capability will increase to an extent to compete with oversea companies.
3) Medicine enterprises will engage in multiple business areas.
4) Young men who are expertizing in management will take resposibility in leadership position.
5)The function of government will focus on the economic planning, market supervision and society service.
6) Traditional pharmaceutical industry will combine with the modern technique like network for a better development.
7)The number of enterprise will decrease by about one third in the next 5 years due to the reconstructure or the incorporation.
8)The development of new pharmaceuticals that have Chinese intellegene will be faster than ever, in the sections like TCM, biochemical, bioengineering pharma, gene chip, nutritional tonics, pharmaceutical new materials, etc.
9)The price of medicine will decrease due to the mass supply but it is normal that the price of new drug is higher than the ordinary drug.
10) Western area will become the production base for the bulk pharmaceutical production due to the cheap labor, cheap production cost and diversity of natural resources. |
