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News Breaks
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November 2, 2009
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| 08:48 EDT |  | MR |
| theflyonthewall.com: | China spends on health care and Mindray Medical benefits, IBD reports | | Mindray Medical International (MR), China's leading medical equipment firm, is benefiting from the Chinese government's plan to spend $124B on health care over the next three years, reports Investor's Business Daily's "The New America". That should help counter the problems it's having abroad, the result of the economic downturn and the uncertainty over the U.S. health care overhaul. Domestic sales account for are about 47% of its revenue. But its low pricing structure should help keep it competitive. More high end products would also help its growth. Reference Link :theflyonthewall.com |
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