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Siemens bullish
By Richard Fu |
August 24, 2012, Friday
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Print Edition
Print Edition
GERMANY'S Siemens expects China's medical equipment market to grow at least 15 percent annually amid government drive to improve healthcare. The company yesterday broke ground for a new facility to produce X-ray products at the R&D and manufacturing hub of its healthcare unit in Shanghai. The new facility will cost over 100 million yuan (US$15.74 million), and mainly supply products to China's smaller county-level hospitals.
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