Join        Login             Stock Quote

Xinhua Insight: High-tech companies tell another tale of "made-in-China" product

Sunday, March 13, 2011 8:26 PM

CHONGQING, Mar. 14, 2011 (Xinhua News Agency) -- While China produced 90 percent of the vuvuzela which hummed during last summer's World Cup, profiting several cents on each, the country also manufactures a high-tech endoscopy pill and owns its intellectual property rights.

The "OMOM Capsule Endoscopy", developed and manufactured by Chongqing-based Jinshan Science & Technology, is swallowed by a patient and transmits pictures of the patient's digestive system, becoming a much more comfortable means of having an endoscopy in comparison with the conventional means of using an internal scope.

Jinshan Science & Technology, a medical-device company founded in 1998, has more than 300 employees and an R&D team of 73 people.

The endoscopy pill, launched in 2005, sends all necessary data in 48 hours before being expelled from a patient's body.

China is the second nation in the world, along with Israel, to develop a capsule endoscopy using micro-electromechanical systems (MEMS) technology.

Medical examinations using a capsule endoscopy cost about 3,000 yuan (456 U.S.dollars) in China, triple the cost of a conventional procedure, so many of Jinshan's products are sold to foreign countries, mainly in Europe.

Wang Jinshan, chairman of the company , said 40 percent of their sales come from overseas markets.

He noted that their products are sold in the European market at a price 40 percent higher than local products, yet the company still enjoys a 50-percent-plus market share because their products are almost unrivaled.

"While made-in-China products are usually associated with low price and low quality, our products are definitely an exception," said Wang.

Now the company has a user list of over 1,000 hospitals across 58 countries and regions.

As the Jinshan's capsule endoscopy is an example of another tale of "made-in-China" products, more Chinese brand-name products are beginning to be found on the higher end of the value chain.

Made-in-China products are no longer limited to low-priced shoes and toys, but expanding to indigenously developed electronic products, new energy applications and telecommunications devices, among others.

For instance, the Chinese high-tech company Huawei provides telecommunications products and solutions to over 100 countries. BYD Company Limited (OOTC:BYDDY) has become a world leader in electric vehicles and batteries.


Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.