More than 10,000 professional buyers from more than 140 countries and regions are expected to participate in an international trade fair for bulk pharmaceutical chemicals which will be launched in Shanghai on June 26.
The three-day event, called Cphl China, will cover an area of 140,000 square meters at the Shanghai New International Expo Center, displaying products such as raw materials for medicine, natural extracts, bio-pharmaceutical, and packaging machinery and materials.
The fair "aims to upgrade China's pharmaceutical industry," said Weng Yonghe, deputy general manager of the Shanghai UBM Sinoexpo International Exhibition Co Ltd.
More than 2,500 enterprises will display their products, with the aim of finding new partners and expanding business, Weng said.
China saw a slight increase in its export of bulk drugs in the first four months of this year, with 2.29 million tons sold to overseas markets, a rise of 4.2 percent compared with the same period last year.
Most crude drugs were sold to markets in Asia, Europe and North America, said Rong Di, an official with the China Chamber of Commerce of Medicines & Health Products Importers & Exporters.
"The growth rate of this year's exports in bulk drugs is expected to reach five to eight percent," Rong said.
Weng said that organizers expect that many small and medium-sized enterprises will exhibit at the show, in addition to giant producers of crude drugs.
The management committee has also organized more than 100 forums and meetings to discuss the development of the pharmaceutical industry and provide more information.