Your FREE Guide to Profiting
From Asia’s Explosive Growth
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Chinese Stock #5 –
Mindray Medical (MR)Most investors don’t know this, but health care is one of India’s largest sectors, not only in terms of revenue but in terms of employment, too. The country’s 1.1 billion population is increasing at an annual rate of 2%, and by 2030, India is expected to become the world’s most populous country — surpassing even China. As a result, the demand for high-quality health services is shooting through the roof — especially with India becoming a prime destination for “medical tourism.” The biggest area for expansion is medical devices, including X-ray machines and CT scanners.
That’s why Chinese medical device company Mindray Medical (MR) has expanded operations into India to steal customers and profits from India’s homegrown companies — just like it’s been doing from companies in Europe and around the world for years. Its ability to compete globally is the reason why the company’s revenues jumped 55% in the last quarter and the company rewarded investors with 89% returns in 2009. And now that Mindray is expanding into India, even these great gains could look like a drop in the bucket.
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