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China's Strong Economic Growth and Healthcare Investments Generate Success for CPhI
Date:8/13/2013

AMSTERDAM, August 13, 2013 /PRNewswire/ --

China's 'Five Year Plan' underway as attendance at 2013 show rockets

CPhI and UBM Live today announced that this year's recent CPhI China 2013, which took place on 25th-27th June at the Shanghai New International Expo Centre, was the most successful exhibition to date.

     (Logo: http://photos.prnewswire.com/prnh/20130723/629764-a)

Attendance rates far exceeded expectation and CPhI and P-MEC China, alongside co-located events BioPh, ICSE, InnoPack, hosted a record breaking more than 2,400 companies, both local and international, and attracted more than 30,000 visitors from 133 countries throughout the world.

The 13th consecutive event was the foremost meeting point and networking opportunity for senior Chinese pharma professionals and international pharmaceutical suppliers and buyers.

In response to the implementation of China's 'five year plan', CPhI China 2013 saw a strong focus on research and development with LABWorld, BioPharma and ICSE all contained in one hall, mirroring China's continued commitment to this area and reflecting its exemplary position in the pharmaceutical world.

R&D investments in China have been at a high throughout 2013- it has been estimated that growth in investment within this area matches that of the USA. The [12th] 'Five-Year Plan', implemented by the Chinese government targets pharmaceutical R&D as a key initiative, with financial and beneficial incentives being offered in order to encourage R&D activities within the country. These include exemption from import customs duty on R&D equipment and a reduced income tax rate. In light of this, the R&D focus at CPhI China 2013 provided an informative updat
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SOURCE UBM Live
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