The Chemical and Pharmaceutical Industry in China : Opportunities and Threats for Foreign Companies

“Don’t miss out on China!” and “What are you doing about China?” Catch phrases like these are spreading among managers all over the world. Just take a brief look at the business class occupancy of flights from Europe, North America or Japan to major Chinese cities: This gives you a glimpse of how business people are attracted by steady growth rates of 6 percent to 10 percent. It also indicates how much attention is given to a market featuring 1.3 billion potential consumers and a government committed to rapidly changing the country from an agricultu- dominated developing country into one of the world’s economic powerhouses. Most of the global industrial players have had economic ties with China for decades already, but they were further strengthened after the country’s opening to the world in the early 1980s. Furthermore, China’s accession to the World Trade Or- nization is expected to catapult this already surging economy into another sphere of development. The Global Chemical Industry....Pages 3-8 The Petrochemical Industry in China....Pages 9-22 Activities of European Chemical Companies in China....Pages 23-46 Research and Development in China....Pages 47-52 Chemical Industry Parks in China....Pages 53-62 Trends in the Chinese Fine Chemicals Market — Opportunities and Threats for the European Fine Chemicals Industry....Pages 63-71 Chemicals for China's Chip Industry....Pages 73-88 China's Pharmaceutical Market: Business Environment and Market Dynamics....Pages 91-107 Developing the Pharmaceutical Business in China — The Case of Novartis....Pages 109-119 China's Approach to Innovative Pharmaceutical R&D: A Review....Pages 121-132 Foreign Direct Investment by Multinational Corporations in China — The Pharmaceutical Sector....Pages 133-147 Competing in the Chinese Antibiotics Market — Cephalosporins 1982–2000....Pages 149-156 Swimming Ahead of the Shoal — The History of BASF in Greater China....Pages 159-170 Establishing a Competitive Production Network in Asia....Pages 171-179 Bayer — A Multinational Committed to China....Pages 181-188 Bicoll — The First Sino-German Biotechnology Company....Pages 189-198 Ciba Specialty Chemicals in China — Global Direction and Local Expertise....Pages 199-210 Degussa: Transforming the China Region....Pages 211-220 A Toolbox for China — Lessons from the China Experience of Degussa Construction Chemicals....Pages 221-245 DSM in China: In Touch with Evolving Needs in the Specialty Chemicals Market....Pages 247-263 Vitamins — Opportunities and Challenges for Both Western and Chinese Producers....Pages 265-272 Takes a look at China's important chemical and pharmaceutical industry. This book focuses on the political and economic situation in China with its strategic and operational implications for Western chemical and pharma companies. It also analyzes the threat of Western companies in their home markets by Chinese competitors A detailed examination of China’s increasingly important chemical and pharmaceutical industry. Numerous case studies describe how western companies, such as BASF, Bayer, Bicoll, Ciba, Degussa, DSM and Novartis are managing their market entry in China.