The potential of China’s vast health-care products market is alluring. It has proved substantially off-limits for much of the global medtech industry, and has rarely been in the early launch strategies of global companies. China's government wants that to change, as evidenced in the latest Five-Year Plan and the recent Healthy China 2030 report.
The changes that are underway are part of the new climate for business overseen by Chinese president Xi Jinping, who...