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Price not enough for China medtech exporters

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29-Oct-15 China's healthcare products exports have increased by 18% a year since 2008, reaching nearly USD13 bn in 2014. Medical device exporters - including Microport, Mindray, Kanghui, Wego and Andon - are not only targeting Western countries but emerging markets as well. Chinese brands are perceived as competitive on price and quality, but viewed less favorably on value and reliability. [image: Reuters]

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BIT Group opens IVD manufacturing facility in China

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29-Oct-15 The medical contract manufacturer BIT Group has established a second Chinese manufacturing operation in Shenzhen, China, as a joint venture with EDAN Instruments, a Shenzhen-based patient monitoring technology company. “The Chinese medical technology market is expected to grow at double digit rates in the coming years,” said Marius Balger, BIT CEO. [image: Invetech].

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UK and China agree GBP2 bn healthcare deals

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21-Oct-15 With a population of more than one billion and a rapidly developing economy, China is set to become the world’s fastest growing healthcare market. Today’s £2 billion trade package for UK exports in research, hospital construction, training, diagnostics and drug discovery shows the huge potential of UK/Chinese Life Science trade. [image: GOV.UK]

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SK Telecom enters China's lucrative market

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24-Oct-15 SK Telecom has signed an MoU with the Wuxi city in China, to open a healthcare center in Wuxi Xinqu Hospital, a major hospital in Wuxi. The new clinical services in Wuxi are intended to serve as a stepping stone for SK to ignite its ICT-based health care business in China. [image: Korea Times]

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Experts say Chinese government's county-level hospital reforms seriously underfunded

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22-Oct-15 China's recently-announced reform of county-level hospitals is seriously underfunded, according to experts. Fudan University professor Hu Shanlian said "Now that hospitals are no longer allowed to mark up drugs, the drop in their revenue is huge". Hospitals are expected to raise service fees to compensate, however this may also raise expenses for patients, defeating the purpose of the reforms. [image: South China Morning Post]

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