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Foreign medical company achieves remarkable growth in China

China

China

China

Foreign medical company achieves remarkable growth in China

2024-10-05 21:40 Last Updated At:22:47

A U.S.-based radiotherapy leader has achieved remarkable growth in China, driven by the country's reform and opening-up, an increasingly favorable business environment, technological advancements and a robust local supply chain, fostering cooperation and win-win outcomes between foreign companies and China.

Varian Medical Systems, a global pioneer in radiotherapy, radiosurgery and cancer treatment technologies, entered the Chinese market in 1983. In May 2024, the company inaugurated its regional headquarters in Yizhuang in the southeast suburbs of Beijing, underscoring its expanding footprint in China, as both investment and production continue to grow.

Since its entry into China, Varian's production capabilities have scaled significantly.

"We established this factory in 2008. Initially, we could only produce a modulator, a single component that accounted for less than 10 percent of a complete machine, and we were a global supplier of this component. In 2010, we were able to produce one type of linear accelerator here in China and our production capacity has since increased sixfold, enabling us to produce a full range of products for the company," said Zhang Xiao, Senior Vice President of Varian and President of Varian Greater China.

With the rapid development of artificial intelligence (AI) in China, Varian's research and development center and factory in Beijing have deeply integrated AI with medical robotics, fully automating the personalized radiotherapy. Tasks that previously took several hours can now be completed in just 15 minutes. China has also become Varian's sole global base for manufacturing AI-driven adaptive radiotherapy platforms.

The company has also capitalized on China's streamlined customs procedures and vast domestic and international logistics networks to ship its China-made products to 90 countries worldwide.

"Varian is a company engaged in both imports and exports across the supply and production chains, easy and fast customs clearance, therefore, is critical for us. The authorities have sought our input on recent policy changes, which have improved our clearance speed by 30 percent," said Zhang.

In addition, China's comprehensive supply chains have allowed Varian to partner with high-quality local suppliers, helping the company maintain its competitive edge. Currently, 89 percent of the 10,000-plus components needed to manufacture Varian's cutting-edge equipment can be sourced in China.

"I've been working in Beijing for 14 years, and I've seen the business environment becoming increasingly transparent, international and standardized. This has not only helped us expand our operations in China, but also allowed us to introduce new technologies that benefit patients," Zhang added.

Foreign medical company achieves remarkable growth in China

Foreign medical company achieves remarkable growth in China

Macao has been emerging as a global hub for conventions and exhibitions in recent years by exploring the enormous opportunities in the sector, driving the region to advance its economic diversification and embrace a brighter future.

Macao has received many awards this year, such as the Best Convention City (Asia) and the Best BT-MICE City, showcasing the recognition for and influence of Macao's exhibition industry.

More than 1,000 electronic game enthusiasts from all over the world gathered recently in Macao to participate in a esports themed event.

Su Zhili, organizer of the event, said that Macao's rich experience in hosting large-scale events, coupled with its good infrastructure, has driven him to choose the region as an ideal destination to hold such an activity.

"Macao has held many similar large-scale events. It has rich experience, and the facilities at the venue are relatively mature, so we can start our work comfortably," said Su.

During the first three quarters of 2024, Macao held more than 1,000 conferences and exhibitions in total.

"We will invite more professional, special conferences to be held in Macao and also cultivate more exhibition brands with international influence in Macao, so as to promote Macao's exhibitions to be more market-oriented, professional, international, digital and greener from various aspects. This is our goal," said Elaine Wong, member of the Macao Commerce and Investment Promotion Institute.

In addition, multiple large exhibitions and conferences, such as the Macao International Trade and Investment fair, the Macao Franchise Expo, and the International Infrastructure Investment and Construction Forum, are held regularly in Macao.

With the introduction of a series of policies and measures to facilitate the exchanges between the mainland and Macao, as well as the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Macao's convention and exhibition industry will embrace more opportunities for development in the foreseeable future.

"We have such a good industrial base in the Greater Bay Area. The mode of 'Convention and Exhibition + Industry' not only integrates the industries of Macao, but also the industries of the Greater Bay Area. In addition, Macao actively integrates into the national development and plays a role in the Belt and Road. Why are we so confident in Macao's convention and exhibition sector? Because it is backed by the motherland, and the country gives Macao great support," said Alan Ho, chairman of the Macao Association of Convention, Exhibition and Tourism Sectors.

Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition

Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition

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