Riding the wave of the country's shift from basic healthcare to innovative healthcare, global pharmaceutical businesses are using the platform of the ongoing China International Import Expo to upgrade collaboration with local governments to better serve the country's Healthy China 2030 Initiative.
The floor space of the medical equipment and healthcare products hall at the second CIIE is significantly expanded, indicating a growing enthusiasm from multinational pharmaceuticals and healthcare companies for the Chinese market. Novartis will show how it is expanding access to medicines by actively participating in the negotiations of the country's National Reimbursement Drug List, providing high-quality generic drugs and various patient assistance programs. As a Swiss company, we also hope to leverage this expo to further strengthen exchange between China and Switzerland.
As the second China International Import Expo entered its third day, new products developed or tailored exclusively for Chinese consumers entered into the spotlight.
Fifteen centrally-administrated State-owned enterprises have taken the lead and signed cooperation deals with foreign companies and participants on the second day of the 2019 China International Import Expo, which kicked off in Shanghai on Tuesday.
New products, technologies and services from 53 renowned foreign brands are making their debuts from Wednesday to Sunday at the second China International Import Expo.
China's new round of reform and opening-up will encourage global companies from the high-end manufacturing sector to further transform traditional industries with smart manufacturing in the country, said business executives.
Caterpillar Inc is exhibiting its strong portfolio of products and solutions, with a focus on engine and generator set products, at the expo.
As China and France celebrate the 55th anniversary of the establishment of diplomatic relations between the two countries this year, the House of Givenchy, a renowned French luxury brand in haute couture, ready-to-wear, cosmetics and fragrances, together with its parent company LVMH Group, is taking part in the second China International Import Expo in Shanghai.
Innovation has become a major calling card for the established Paris-headquartered multinational pharmaceutical Sanofi, according to the company's senior executives.
From cultural exchanges to healthcare promotion, Sanofi has devoted itself to living up to its corporate social responsibility initiatives in a bid to support Chinese people's health, according to the company.
The future of Chinese-French business ties will be based on trade and diversified cooperation in aviation, digital innovation, new energy, high-end manufacturing and service trade, said business executives and experts from both countries.
With China's economy entering a new era of consumption-and innovation-led growth, more French companies have shifted their investment focus from building conventional plants to establishing high-tech factories, innovation and service facilities in China, as the country holds a strong stance in coping with protectionism.
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Raymond Zhou
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Chen Weihua
