This bit of good news may help BXN break into the Chinese market...

This bit of good news may help BXN break into the Chinese market
President Xi Jinping is expected to announce regulations to open up the Chinese market to suppliers of nutritional foods and health products when he opens China’s first import expo in Shanghai on Monday.
Moves to streamline imports of products that are seen to be in line with Mr Xi’s Healthy China 2030 campaign are expected to be announced as part of a broad package of measures aimed at showing China’s commitment to further open up its market to foreign suppliers and investors.
While China has already signalled plans to bring in laws from January 1 to tighten controls on imports from the growing informal daigou channel offshore, including in Australia, Mr Xi is expected to announce other measures to streamline the licensing of foreign products that would meet his goal of improving the health of its ageing population.
This could benefit Australian food and healthcare product companies provided they are also able to comply with China’s increasing commitment to tighter food and drug safety standards.
While companies such as a2 Milk have been licensed to sell products into China, as part of a new regulatory regime, others have found their applications delayed.
Mr Xi’s speech is expected to outline China’s commitment to making licensing easier and more transparent for companies producing high-quality healthcare and nutritional products.
The speech follows a high-level conference in Beijing this week hosted by the China National Health Food Association that brought together Chinese state regulators and domestic and foreign suppliers of food and healthcare products.
At the conference, Chinese regulators made it clear that they intended to continue to tighten standards on food and drugs coming into the country, which has suffered many health scares from fake vaccines and product tampering. But they were also keen to work with suppliers to ensure their regulations were workable and practical.