Shanghai Welcomes Multinational Medicine CompaniesMultinational medicine companies are encouraged to expand their business in Shanghai, said Jiang Yiren, vice mayor of Shanghai City.Jiang made the remark while meeting Ralph Stanley-Larson, president of Johnson & Johnson Company on Wednesday. He welcomed Johnson's plan to establish its headquarters for China in Shanghai, saying that medicine products will have a large market in China in the future. The company has signed a contract with Chinese Ministry of Public Health recently to invest 50 million yuan (over 6 million US dollars) over the next five years to train medical personnel and improve the management of Chinese hospitals. Johnson & Johnson is among the world's top 500 enterprises. It has established seven companies and offices in China in the past 20 years with a total investment of 270 million U.S. dollars. |
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