Shanghai, 23rd May 2019: New analysis released ahead of CPhI & P-MEC China (#CPhIChina and #PMECChina) – co-organized by Informa Markets, Cccmhpie, and Shanghai Sinoexpo Informa Markets – forecasts that China will continue to grow strongly through 2019/20, thanks in part to a marked improvement in its global reputation.
The newly released China specific findings of the CPhI Annual Report highlight that China has seen a significant jump across ‘API manufacturing’, ‘innovation protentional’, ‘competitiveness’ and ‘finished product manufacturing’ categories, improving its overall score by a massive 9.64% in a single year. Taking place at the Shanghai New International Expo Center (SNIEC) 18-20th June, CPhI & P-MEC China is co-located with ICSE, InnoPack, bioLIVE, NEX, Labworld, FDF, and EP & Clean Tech. In total, this mecca of pharma in China boasts some 13 dedicated products zones, including the largest gathering of finished dosage and natural extract providers.
The country’s reputation improved year-on-year across ‘API production’ (10.79%) and ‘Finished Product Manufacturing’ (13.74%), suggesting that industry efforts to align standards closer to European and US FDA standards have clearly been recognised. The elevated change in overall perception is believed to be in reaction to rigorous reformation efforts by the National Medical Products Administration (NMPA – formerly the CFDA) and the substantial improvement in quality in last five years, as well as the growing domestic opportunity and pharma industry.
With more than 50,000 visitors from over 120 countries, 2019 will be the most international event to date. Highlighting this internationalisation, Poland, India, Russia and Korea will return as Country Pavilions, with Turkey joining for the first time. Organised by the Istanbul Chamber of Commerce (ICOC), the Turkey pavilion will feature some 13 companies, and is anticipated to stimulate further collaborations.
In keeping with the international nature of this regional hub, China Pharma Week once again returns for its third edition, with 24 industry events running from June 17th until the 21st June – with six core themes, including Leadership, Business, Networking, Recognition, Knowledge and Innovation being covered, providing industry professionals in-depth content and analysis.
In what is its fourth year, the Top 100 International Pharmaceutical Enterprises, hosted by the China Chamber of Commerce for Import and Export of Medical and Health Products (CCCMHPIE), recognises international innovation – enhancing the international awareness and influence of the industry’s leading companies. The five-day China Pharma Week will also include the CPhI networking dinner, Natural Extracts and products cocktail party, InnoLAB salon and plant visits amongst others.
