The Chemical and Pharmaceutical Industry in China Opportunities and
“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 Chine
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G. Festel · A. Kreimeyer U. Oels · M. v. Zedtwitz Editors
The Chemical and Pharmaceutical Industry in China Opportunities and Threats for Foreign Companies
With 29 Figures and 81 Tables
123
Dr. Gunter Festel Schuermattstrasse 1 6331 Huenenberg Switzerland E-mail: [email protected]
Dr. Andreas Kreimeyer Vorstand BASF Aktiengesellschaft 67056 Ludwigshafen Germany E-mail: [email protected]
Dr. Udo Oels Vorstand Bayer AG Gebäude W 11 51368 Leverkusen Germany E-mail: [email protected]
Professor Dr. Max von Zedtwitz Mailbox B-55 School of Economics & Management Tsinghua University Beijing 100084 P.R. China E-mail: [email protected]
Cataloging-in-Publication Data Library of Congress Control Number: 2005926826
ISBN 3-540-22544-7 Springer Berlin Heidelberg New York This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9,1965,in its current version, and permission for use must always be obtained from Springer-Verlag. Violations are liable for prosecution under the German Copyright Law. Springer is a part of Springer Science+Business Media springeronline.com © Springer-Verlag Berlin Heidelberg 2005 Printed in Germany The use of general descriptive names, registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Cover design: design & production GmbH Production: Helmut Petri Printing: Strauss Offsetdruck SPIN 11304678
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Preface “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 agriculturedominated 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 Organization is expected to catapult this already surging economy into another sphere of development. The Chinese market is of increasing significance to the global chemical and pharmaceutical industry. This book analyzes and illustrate
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