What You Need To Know About Chinese Product Liability Law

Law360, New York (August 23, 2012, 1:43 PM EDT) -- In 2009, the Chinese government committed to spend 850 billion Chinese yuan (RMB) ($124 billion) to develop China’s health care system and improve universal health care access. Medical device providers, especially high-end product producers, are the main beneficiaries of this decision.

According to Espicom Inc., a business intelligence provider, the expected value of China’s medical device market will reach $28 billion by 2014. Companies from Japan, Germany and the United States currently control 90 percent of the high-end medical device market. These companies are expected to...
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