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Report of the Development of Medicine Circulation Industry in ChinaPublished by: SunFAITH China Ltd. Published: Apr. 10, 2003 - 24 Pages Table of ContentsI. Status Quo of the medicine circulation industry in China II. Focus of development in medical circulation industry in 2002 1. The scale of investment in the medicine retailing franchising industry is large 2. The medicine logistics develop rapidly 3. Large-scale annexation and purchase occurs occasionally 4. Normal-price medicine becomes the focus III. Problems existing in the present medicine circulation trade 1. Construction only pays attention to scale, pattern, but neglects operation basis 2. Local protectionism affects the development of the cross-region retailing chain and the logistic distribution 3. The issuing of related law and regulations falls far behind IV. Foreign investment entering the analysis of Medicine Circulation Trade of China 1. Foreign investment’s trying to enter the medicine circulation industry 2. Factor of the rapid entry of foreign investment (1)Three stipulations of National Medicine Supervising Bureau (2)Price control (3)Prevailing of local protectionism (4)Hard to enter the medical insurance system V. Outlook of the development of medicine trade 1. The integration of this trade takes into effect 2. The restriction of local protectionism will be eliminated 3. The property entity will become pluralistic 4. Market competition tends to be rational 5. Logistic construction is still hot for investment 6. Differential operation becomes increasingly obvious 7. Business chances of countryside market is infinite 8. New tax policy is ready AbstractAffected by the fact that there is great potential value in the medicine circulation industry and other factors, the investment focus of the medicine circulation industry in china in 2002 was placed on the establishment of dispensaries and medicine logistics. Merging and restructuring on a large scale took place not infrequently. Dispensaries with normal prices started to make appearance and they had a strong impact on the whole medicine circulation system. At present, the main problems existing in the medicine circulation industry was that more much emphasis had been attached to the size and inadequate importance to the quality of medicine; the over-protection of local industry and the lagging framing of relevant policies also influenced the development of medicine circulation. From 2003 onward, foreign capital will gradually flow into the medicine circulation industry. But due to the influence of various policies, the pace of flowing will remain slow. The future development of the medicine circulation industry will be characterized with eight features including the acceleration of the whole industry integration.According to the promise made by our country on entering WTO, China will open up the medicine retailing to foreign investment from Jan. 1st, 2003 and to Dec. 11th, 2004, China will completely open up the wholesale and retailing market, especially the medicine wholesale and retailing market. At that time, foreign investors can embark on purchasing, stocking, distribution, wholesaling retailing and after-sale services. Get Full Details About This Report >> |
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