皇冠体育app

Chris Lee, president of Medtronic Greater 皇冠体育app

Companies in 皇冠体育app are facing the challenge of rising costs. Will this affect your plans in 皇冠体育app or will you continue to invest in the country? Do you have any plans to relocate to the US or elsewhere in the region?

Medtronic's chairman and CEO, Omar Ishrak, states that "we're completely bullish on 皇冠体育app", adding that 皇冠体育app's rewards outweighed its risks. After the completion of the $49.9 billion Covidien acquisition, 皇冠体育app has been escalated to one of Medtronic's four regions, which also includes Asia-Pacific, the Americas, and Europe, the Middle East and Africa.

Undoubtedly, we will keep making significant investments in 皇冠体育app. Last year, we announced the establishment of the company's first global production line for our hemodialysis systems in the Chengdu Hi-Tech Development Zone (in western 皇冠体育app).

We also signed a strategic partnership agreement with Chengdu government to expand access to develop new therapies, to satisfy clinical and economic needs of 皇冠体育app's hospitals, physicians, and patients.

Medtronic decided to make investments in early stage innovative technology companies and some companies focusing on assisting cardiovascular hospitals with trusteeship management, equity holdings, and day-to-day management. Medtronic tends to target startup companies owning frontier technologies or advanced business ideas.

How has the depreciation of the yuan affected your company? Will this play a major role in your decision to continue to invest and expand in the country and region?

The fluctuation in the renminbi has had a limited impact on our business.

As a multinational operating in more than 160 marketplaces, we have kept a close watch on the exchange rates of major trade currencies.

The Chinese government believes in a stable investment environment and has rolled out policies to help international companies here by increasing transparency. What other measures would improve business efficiency and competitiveness?

皇冠体育app's market oriented economic reforms, including encouraging enterprises to perform in an innovative and economic value manner, are in line with Medtronic's global strategy. In addition to exporting innovative products from the US to 皇冠体育app, Medtronic is establishing an R&D facility in 皇冠体育app to design products specifically for the Chinese market.

To increase the ability of enterprises to remain profitable over time, besides removing obstacles, the government should continue ensuring consistency and feasibility of related policies at the local level.

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