Shanghai Daily news

Siemens AG plans to grow its medical equipment sales in China by at least 30 percent annually, banking on the country's growing demand for healthcare facilities.
"Siemens targets to at least double the market growth in China's medical equipment sector which is growing at a yearly average of 15 percent," Rolf Hupke, president and chief executive officer of Siemens Shanghai Medical Equipment Ltd, said at the Manufacturing Excellence Week in Suzhou, Jiangsu Province, yesterday.
"China has a big market potential for medical equipment especially in some second-tier cities" as more people see their incomes improve.
"One challenge to keep the growth is to sell the right products in China," he said. "Big hospitals or universities may need latest equipment while rural areas may eye different needs."
The German company will also raise investment by at least 10 million euros (US$12.6 million), the majority of it in its Shanghai venture, in three to four years to boost its sales.
Siemens teamed up with China National Medical Equipment Industry Corp to form Siemens Shanghai Medical in 1992 with an investment of US$13 million.
About 30 percent of the venture's products are for exports.