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China's device industry attracts lion's share of foreign funds

This article was originally published in Clinica

Executive Summary

The medical device industry has outstripped pharmaceuticals in the number of foreign companies investing in China. The Chinese government's Third National Industry Survey shows there were 327 foreign-invested medical device enterprises in the country in 1995 with a total production output valued at $355 million. Pre-tax profits were $29 million on sales of $385 million. Joint venture companies producing finished pharmaceuticals numbered 237, although production totalled $841 million.

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