(Reuters) — Germany’s Siemens said it’s investigating a media report that it boosted sales figures of its healthcare equipment in China by creating fake contracts.
China
Rainbow Medical raises $25m for China ops
Rainbow Medical said yesterday that it pulled down $25 million from a syndicate of Chinese investors for a new operation in the People’s Republic, aimed at promoting "strategic collaborations" there.
AdvaMed opens Shanghai office
AdvaMed yesterday said it officially opened its Shanghai office during a ceremony in Beijing.
The Shanghai outpost, 1st recognized by Chinese authorities last May, builds on groundwork laid during 2 years’ work in China by Lynn Jiao, executive director of AdvaMed’s China program, according to a press release.