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China medtech exports surge, challenging global incumbentsChina medtech exports surge, challenging global incumbents

Chinese medical equipment makers are increasingly challenging US, European, and Japanese competitors in hospitals around the world, extending Beijing’s technological prowess to yet another industry. While treatment centers long relied on machines from GE, Siemens, and Philips, some are now embracing machines like Shanghai-based United Imaging Healthcare’s CT scanners, which ...

US Treasury Secretary Bessent dismisses AI bubble fearsUS Treasury Secretary Bessent dismisses AI bubble fears

US Treasury Secretary Scott Bessent on Wednesday dismissed the possibility of “systemic” economic risks stemming from the AI boom, the Financial Times reported, as a global tech selloff fueled by AI spending fears continued into Thursday. Meta stock plunged after the hyperscaler drifted into negative free cash flow, while China ...