Chinese Interpreting In The Pharma Industry
Script:
- China is one of the largest pharmaceutical markets and home to the world’s largest single-payer healthcare system.
- The National Bureau of statistics reports that investments in China’s pharmaceutical industry have increased dramatically in recent years.
- In order for companies to gain a competitive edge in the industry, they must know how to successfully enter the Chinese market.
- Here is why China’s growth has the pharma industry scrambling to find professional language service partners:
- China already has the world’s largest manufacturing capacity and is responsible for producing a large portion of the world’s pharmaceuticals.
- The government has made large investments in the country’s health care system, increasing insurance coverage in rural areas with the goal of providing the whole Chinese population with health care.
- Additionally, since China joined the World Trade Organization, foreign pharma companies have increased their presence in the country, requiring the help of translation and interpreting services.
- Translation services are often needed for documents involved in the clinical trial process, while interpreting services help partners communicate effectively in spite of language barriers.
- If companies want to keep up with the quickly changing pace of today’s pharmaceutical industry, they must start hiring Chinese language services to attract potential customers and effectively work with partners in the region.
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