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May, 2016

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    ~ By Charmaine Mirza

    Indian pharmaceuticals have been trying to enter the Chinese market for a while. Priced cheaper than drugs available on the Mainland, Indian pharma companies have always been kept at bay for fear that they may disrupt the industry. However, there might be light at the end of this tunnel. Shanghai based Fosun Pharmaceuticals has recently emerged as the billion-dollar bidder for India’s KKR backed Gland Pharma, outstripping US-based Baxter and Advent, as it aims to increase its research and manufacturing prowess.

    As China gets old before she gets rich, the pharmaceutical industry is now waking up to partnering with Indian drug companies to benefit their billion plus populations and avoid a healthcare meltdown.

    Both ancient nations have their medical advantages –

    –       China and India supply much of the world (and the same pharma multi-nationals) with their APIs (Active Pharmaceutical Ingredients) and generics.

    –       The roots of modern medicine lie in two ancient systems – Traditional Chinese Medicine and Ayurveda.

    So who really wields the whip in this pharmaceutical circus? Inchin Closer pauses to examine the larger picture.

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  • FullSizeRenderMr. Han Zheng, Communist Party Secretary of Shanghai, and a member of the Politburo of the Communist Party of China visited India on a landmark 5 day tour of Delhi, Mumbai and Bangalore. Mr. Zheng who was accompanied by a 80 member business delegation met Indian Prime Minister Mr. Narendra Modi in New Delhi and in Mumbai met heads of companies including Mr. Cyrus P. Mistry, Chairman of Tata Sons, Mr. K V Kamath President, New Development Bank and Mr Rangarajan Vellamore CEO, Infosys Technologies (China) Co Ltd.

    The architect of modern day Shanghai, Mr. Zheng’s maiden visit of India was to lay the ground work for stronger collaborations between the two nations. While cross border investments in the IT, financial services, transport and healthcare sectors were highlighted, the leaders of the two nations also talked of building stronger links between China and India.

    Mumbai and Shanghai became sister cities in 2014, however since then little has been done to collaborate or cooperate. It is hoped that this initial visit will lay the groundwork for future ties between the two trading cities.

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  • File photo of a worker walking past a pile of steel pipe products at the yard of Youfa steel pipe plant in Tangshan in China's Hebei Province~ By Charmaine Mirza

    Bao Steel, China’s largest producer recently raised its steel prices for the first time in two years. The behemoth was leading the way for several Chinese steel factories who have subsequently raised prices due to a massive injection of funds into the domestic market which has spurred interim growth.

    Given that a massive over supply and softened demand in the domestic economy is generally the precursor to a crisis. The sudden boom in global steel prices since mid-March has left several pundits scratching their heads, most of who feel it won’t last long.cheap bns goldbuy bns gold

    Steel being a tenacious topic between China and India, Inchin Closer pauses to check the ductility of the steel industry’s Asian backbone and its butterfly effect on the global economy.

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