Posted on 04/23/2008 8:23:57 PM PDT by JACKRUSSELL
......The heparin scare may be dominating the health news in the U.S. media, but that's not stopping multinationals from boosting their ties with the Chinese medical industry. Dutch conglomerate Philips (PHG), which is switching its focus away from electronics and semiconductors and toward higher-growth areas like medical equipment, is boosting its alliances with manufacturers, universities, and hospitals in China.
Philips recently formed a research alliance with a hospital and university in the western Chinese city of Chengdu and announced the acquisition of a company making patient-monitoring equipment in the southern city of Shenzhen. The industry "will start to see more companies moving their manufacturing to China," predicts David Jin, chief executive for Greater China for Philips Health Care, which also operates a joint venture with a Chinese company in northeastern China, the Neusoft Group, making MRI, CT scan, ultrasound, and X-ray equipment......
(Excerpt) Read more at businessweek.com ...
oh..... joy.....
Wonderful...
If rickshaw rik can’t even make toothpaste that doesn’t poison you, why in the hell would should we let them expose us to magnetic resonance made in china?
Free trade is dead to me. I don’t care what Walter Williams says. I’m not listening any more.
What? I read it right here on FR that the US was keeping all the high end manufacturing and the Chinese were just going to make plastic flowers.
It was a scam from the gitgo. Blackbird.
No one in the 1970s could have ever imagined that sentence being written about General Electric in Red China.
“If rickshaw rik can’t even make toothpaste that doesn’t poison you, why in the hell would should we let them expose us to magnetic resonance made in china?”
Because executives and stockholders make more money?
1) remove manufacturing base thus ensuring your economy loses long term viability.
2) destroy/weaken scientific and educational structure and also remove R&D.
3) ??????
4) Profit!
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