China's Medical Supply Imports Surge In April
In the face of China's SARS crisis, China's imports of
medical supplies have surged in April. According to statistics
recently released by China's customs, medical supply imports
in the January to April period were US$106 million, and
in the month of April alone were $33.8 million, showing
a rise of 54.6% and 50.2% respectively.
Most of the equipment was respirators, patient monitors
and X-ray equipment. Countries from which the equipment
was imported from were the US, Japan and Germany. Major
makers are 3M
and Johnson and Johnson.
Foreign Investment in Beijing Continues Despite SARS
Although China has been hit hard by the SARS crisis,
the pace of foreign investment has not slowed down. According
to numbers released the Beijing City Foreign Trade Bureau,
143 companies signed memorandums of agreement in April
to invest in Beijing. The total amount of these investments
were US$$200.3 million, which showed a rise of 53.8% over
the same month one year ago.
Beijing has been hit particularly hard by the SARS crisis,
and the city's finance office has announced special city
tax exemptions on hard-hit industries including restaurants,
hotels, travel, entertainment, markets and retail businesses.
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