Bridging Healthcare Innovations Between Europe and China

Asia Business Podcast

Introduction

We’re joined by Chenchao Liu, the founder of SILREAL, a management consulting firm focused on the healthcare sector and Sino-European business exchanges. We discuss SILREAL’s work and delve into the unique opportunities and challenges in the pharmaceutical and healthcare sectors between China and Europe while also exploring trends affecting the industry.

Chenchao's Journey

Chenchao shared his remarkable journey from being born in China to living in Germany for over 20 years. With a background in chemistry and a passion for making a real impact in the business world, Chenchao's transition from science to consulting was driven by his desire to bridge the gap between Chinese and European markets in the life sciences sector.

Projects and Collaborations

Discussing recent projects, Chenchao shed light on SILREAL's work in the healthcare, life science, and public sectors. From digitalization projects to fostering collaboration between Germany and China in tackling diseases like COPD, SILREAL's initiatives focus on enhancing healthcare systems and promoting international cooperation.

Opportunities for Collaboration

In the absence of political barriers, Chenchao highlighted the unique opportunities for collaboration between China and Europe in pharmaceuticals, biotechnology, and healthcare services. With China poised to become a major player in the healthcare market, there is immense potential for synergy and growth in these sectors.

Navigating Regulatory Challenges

Chenchao delved into the regulatory landscape in China, touching upon issues like IP protection and data regulations. While acknowledging China's strides in enforcing laws, concerns around IP protection and data security remain pivotal for foreign firms operating in the country.

Macro Trends Shaping the Industry

The discussion also explored macro trends reshaping the healthcare industry in China, including an aging population, rising health consciousness post-COVID, and the need for a balanced approach in pricing and market access. Chenchao emphasized the importance of adapting to regulatory frameworks while meeting the evolving needs of the population.

Closing Thoughts

In a thought-provoking conversation, Chenchao Liu underscored the significance of fostering dialogue, collaboration, and trust between China and Europe in the healthcare sector. As complexities in the industry persist, a nuanced understanding of market dynamics and regulatory challenges is essential for sustainable growth and innovation.

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