This is a stock-pickers market. CMED's problem is its credibility. Market does not believe in its growth or numbers. FISH integration is an open ended project which will be too late and too little for CMED's revenue. Only lies will keep this company at this current level. Even in US, FISH is not a must test for young couples. Do you think chinese farmers are lining up for this expensive test? I think , not!
CMED can build some more bigger HIFU machines but there are no buyer to buy the blunt hammers. EDAP will push their own machines before the CMED's.
Remember China is a communist nation. Do you think that CMED invested into FISH to be able to let parents know if their babies are healthy or not.
China has (3) times the population that the US does. They do not have the ACLU, NAACP, or any other social protection agency of any clout.
Friends, FISH is going to be a procedure pushed by the government to reduce social costs before they are born or reproduce.
This is a communist country that wants to win, they will not play games with what they feel is a welfare based , everyone has a right to every medical choice, like the United States.
It is as simple as that.
So your perception of why and when the FISH technology was purchased is misguided.
Friends China will never have a slush bank like Medicare/Medicaid to perpetuated by lobbiest groups like the AMA. They see the drag our Medical Systems is going to be to the US economy over the next 20 years. China will have an entirely different agenda to what medical technologies they develope and what type procedures get what % reimbursement.
China's Communist governments want early detection of defect/costs as a preemptive measure to reduce long term health care costs. They can do this....They are communist.
Remember this is the same country that dictates how many children and of what gender a couple can reproduce.
FISH is about reducing long term social medical drags on their economy'society.
Harsh reality I know, but they do not have Presidents that have to kiss the ass of social special interest groups.
Dear my communist friend, I was only trying to enlighten you with your dearest CMED. You have invested in a company that has under performed S&P500 index and also the Chinese index itself by big margin. Why is that? If Chinese are not buying it, you should stay away too. CMED had enough time to perform for investors but it did not. As an investor I would rather count my gold coins than waiting for roasted ducks to fly on to my mouth. CMED has to make money from FISH, not handouts from Chinese government. Please, do not mix up CMED with Chinese government. The government does not really care whether CMED got the FISH or not. A better FISH technology is already available in the market and being sold in China by Abbott! Would you prefer a CMED kit than Abbott�s? Probably not!
Communism and China got divorced a decade ago and are still on speaking terms for the children's sake
Published on Tuesday, January 10, 2006 by CommonDreams.org China: Capitalism Doesn't Require Democracy by Robert B. Reich
You may remember when the world was divided between communism and capitalism, and when the Chinese were communists. The Chinese still call themselves communists, but now they�re also capitalists.
In fact, visit China today and you find the most dynamic capitalist nation in the world. In 2005, it had the distinction of being the world�s fastest-growing major economy.
China is the manufacturing hub of the globe. It�s is also moving quickly into the highest of high technologies. It already graduates more computer engineers every year than the United States.
Its cities are booming. There are more building cranes in use today in China than in all of the United States. China�s super-highways are filled with modern cars. Its deep-water ports and airports are world class. Its research and development centers are state of the art. At the rate its growing, in three decades China will be the largest economy in the world.
Communist, as in communal? Are you kidding? The gap between China�s rich and poor is turning into a chasm. China�s innovators, investors, and captains of industry are richly rewarded. They live in luxury housing developments whose streets are lined with McMansions. The feed in fancy restaurants, and relax in five-star hotels and resorts. China�s poor live in a different world. Mao Tse Tung would turn in his grave.
So where are the Chinese communists? They�re in government. The communist party is the only party there is. China doesn�t have freedom of speech or freedom of the press. It doesn�t tolerate dissent. Authorities can arrest and imprison people who threaten stability, as the party defines it. Any group that dares to protest is treated brutally. There are no civil liberties, no labor unions, no centers of political power outside the communist party.
China shows that when it comes to economics, the dividing line among the world�s nations is no longer between communism and capitalism. Capitalism has won hands down. The real dividing line is no longer economic. It�s political. And that divide is between democracy and authoritarianism. China is a capitalist economy with an authoritarian government.
For years, we�ve assumed that capitalism and democracy fit hand in glove. We took it as an article of faith that you can�t have one without the other. That�s why a key element of American policy toward China has been to encourage free trade, direct investment, and open markets. As China becomes more prosperous and integrated into the global market -- so American policy makers have thought -- China will also become more democratic.
Well, maybe we�ve been a bit naive. It�s true that democracy needs capitalism. Try to come up with the name of a single democracy in the world that doesn�t have a capitalist economy. For democracy to function there must be centers of power outside of government. Capitalism decentralizes economic power, and thereby provides the private ground in which democracy can take root.
But China shows that the reverse may not be true -- capitalism doesn�t need democracy. Capitalism�s wide diffusion of economic power offers enough incentive for investors to take risks with their money. But, as China shows, capitalism doesn�t necessarily provide enough protection for individuals to take risks with their opinions.