China is Asia's key region of the future. The need for modernization
is still as large as ever, and introduction of a market economy
continues. There have also been noticeable improvements in conditions
for foreign businesspeople such as more legal security (contract law),
WTO membership, lower customs duties, privileges for foreign investors
and step-by-step liberalization of trade. China welcomes you to the
market of the future. And this market is growing rapidly.
China is the world’s fastest-growing major economy as well as
the largest exporter and second largest importer of goods in the world.
The Chinese economy is expected to grow in the medium term, which is
one morereason to exhibit at the leading trade fair analytica China.
Now is the time to stake your claim.
Can a market have more charm?
Laboratory technology
The Chinese market for laboratory, measurement and control technology
grew by just less than 25% in 2010. Within just a few years, China
has developed into one of the world’s largest importers of laboratory,
measurement and control technology. While imports in this sector were
still at US$ 1.0 billion in the year 2000 (according to SITC), they
increased more than twentyfold to US$ 21.0 billion by 2010.
According to expert assessments, growth at an average rate of 30% is
forecast for the Chinese analysis and laboratory-technology market in
the years to come.
Chemical industry
After the USA and Japan, China is the third-largest producer of chemical
goods. Proceeds in the chemicals industry increased by 33.7% to US$ 847
billion from 2009 to 2010. For 2011, analysts expect a growth rate of 25%.
There is increased demand for special chemicals, pharmaceuticals, paints
and coatings and synthetics. Investment volume increased by 27% in the
first two months of 2011.
Pharmaceutical industry
The pharmaceuticals industry in China accounts for 15% of global pharmaceuticals
market volume and is expected to be the third largest market in the world
after the USA and Spain. The Southern Medicine Economic Research Institute
(SMERI) estimates market growth in 2010 at 22% and market volume at RMB 755.6
billion. For 2011, the SMERI expects total Chinese market volume for pharmaceuticals
to grow to RMB 938.8 billion, an increase of 24% compared to 2010.
Food Safety
Increased demand for analysis techniques expected growth in 2011: 25 – 35%
The New National Centre on Food Safety Risk Assessment (open by the end of 2011)
will improve food standards and bolster public confi dence in Chinese products.
Biotechnology
China will spend US$ 308.5 billion on science and technology, making biotechnology
a major priority, in the next five years.
Focus on: biopharmacy, bio-engineering, bio-agriculture and biomanufacturing