The Chinese government intends to invest more time and money into its own medical manufacturing to focus on global companies such as General Electric , Philips and Siemens , whom currently have a 70 % share of China 's medical manufacturing market . China implemented a plan called " Made in China 2025 " , which aims to upgrade Chinese industries to help it become a global manufacturing hub . However , China faces many obstacles such as expensive equipment and a bad health insurance reputation , though investors are hopeful for the industry 's future in the long term .
The Chinese government intends to invest more time and money into its own medical manufacturing to take on global companies such as General Electric, Philips and Siemens, whom currently have a 70% share of China's medical manufacturing market. China implemented a plan called "Made in China 2025", which aims to upgrade Chinese industries to help it become a global manufacturing powerhouse. However, China faces many obstacles such as expensive equipment and a bad health care reputation, though specialists are hopeful for the industry's future in the long run.