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Made-in-China Medicine Testing the World MarketMany pharmaceutical companies in China are hoping to pass major international certifications, such as certifications from the WHO, EU and Australia. "It is likely that 20 pharmaceutical companies can obtain international certifications this year," said Mr Yu Mingde, a vice-director of China Pharmaceutical Enterprises Management Association. Temptation from the outside 2007 was another record year for China's western medicine export value, up 56% to US$784 million. However, most medicines that went to big markets such as Japan, Korea and Australia were products from foreign companies in China, mainly in the form of export processing trades. Products made by domestic Chinese companies were exported to low end markets such as Nigeria and Pakistan. As Chinese pharmaceutical companies are still weak at proprietary R&D, most of their products are generic copycat drugs. Yu revealed that "the big three markets of EU, US and Japan
How To Source And Import From China - Managing RiskImporting products from China is a great way to locate new business opportunities and increase profit growth. While the initial stages can be complicated, the payoff in terms of both immediate profit and long-term success is tremendous. Sourcing products from other countries, however, comes with its share of potential risks. It is recommended that first-time buyers follow certain precautions before embarking on any potential transaction. Locate The Right Product The first step is to locate a suitable product that interests you. Try to obtain as much information as possible about the demand for prospective products in your local market. Make sure that sourcing your chosen product from China is truly a cost-effective proposition. Factors like retail margins, VAT, insurance, taxes and freight and currency differences all affect the final retail price and many first-time bargain hunters end up sourcing a product at a price that is too high
Advantages of Using Promotional Items to Advertise Your BusinessMany organizations and businesses use advertising promotional products and printed promotional items to advertise their brands and services. This is a great approach as there are a number of advantages to promotional products. When companies consider promotional products to be used for their businesses, the main idea is to promote their brands in an easy, simple and cost-effective way. When promotional items and corporate gifts are given to their target audience, there is a better chance that these products will remain in front of them for long period of time and probably pass through many pairs of hands during their life time. As a result, your company name will remain in front of them and more people will aware of your brand. When companies decide to use promotional products to advertise their brands, some of the key advantages that are in their mind include cost effectiveness, control, connection, simplicity and the ease with which this camp
How to Buy Wholesale Gifts for Your BusinessWhen you decide to go into the business of buying gifts wholesale, there are a number of items you should consider carefully as it is the details that will determine in part if your business succeeds or not. One of the first steps to do when selling wholesale gifts is to make sure you have the right business licenses and paperwork in place for the state, local and federal government. This is one of the most important steps you need to do because the penalties are quite severe if the taxes for your town, state and federal government are not taken out in the specific way the governmental authorities want. After this important first step, then the next one or two involve doing some research in determining the best type of products you wish to sell and the method of selling them. This is important because knowing the market and what will sell is crucial to the business. After making these decisions, it is important to find the source of wholesale p
Customized Promotional Products: Perfect Business Branding Solutions for Increasing SalesTry to remember how you felt when you received a customised birthday cake with your name on it and was treated like royalty. "Awesome" probably describes this feeling you then had when people treated you this way. Every customised gift is relatable to this feeling and we often tend to become attached to the gift giver, emotionally or mentally. This fact has now been adopted and utilized as marketing strategies to increase business sales. Amid the contemporary cut-throat kind of competition, promotional strategy is considered to be the best method of increasing sales and is the "open secret" for staying ahead in the race. The sole purpose of promotional strategy is to introduce, persuade, and influence people; the same 3 "colours" that a sales strategy targets. Customized products impact enormously on both the giver and the receiver while providing the perfect business branding solution. Let's discuss how customized promotional products