Sunday, February 28, 2010
China $125 Billion Health Spending Spurs GE, Philips Sales Boon
China's not waiting on healthcare. They're already kickstarting it with a $125 billion investment. Here in the U.S. we are doing nothing.
General Electric and other U.S. multinationals will benefit from China's investment. They will build the high tech, lifesaving medical equipment that could have gone for the benefit of Americans, had we made the investment here. Now, however, those life saving machines will go to benefit the Chinese.