Yeung, Godfrey (2002) The implications of WTO accession on the pharmaceutical industry in China. Journal of Contemporary China, 11 (32). pp. 473-493. ISSN 1067-0564

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Abstract

Given the limited capabilities of R&D and global distribution channels, and the virtual non-existence of patented drugs, the Chinese pharmaceutical industry has little chance to enter the global market of Western prescription drugs and compete with the established global giants head-on. The reality is that they are chasing a moving target and their competitors are becoming bigger and stronger day by day. The substantial reduction of import tariffs and the granting of comprehensive trading and distribution rights to foreign-financed firms following WTO accession, effectively tilted the level-playing field against the Chinese pharmaceutical industry. Given the short-term competitive advantages of the Chinese pharmaceutical industry on Chinese drugs, three development strategies are suggested: (1) consolidate the local market of herbal and generic drugs; (2) market Chinese drugs via the Internet; and (3) outsource R&D and collaborative marketing.

Item Type:	Article
Schools and Departments:	School of Global Studies > Geography
Subjects:	G Geography. Anthropology. Recreation > G Geography (General) > G0001 Geography (General)
Depositing User:	Godfrey Yeung
Date Deposited:	06 Feb 2012 15:18
Last Modified:	14 Sep 2012 09:01
URI:	http://srodev.sussex.ac.uk/id/eprint/11642

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