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'They are very conscious about the increasing demand for quality healthcare and the opportunity and challenges that provides in China,' he said.Īustralian medical device maker Cochlear has a growing business in China, while private hospital operator Ramsay Health Care signed a provisional agreement with an operator in the city of Chengdu last month. Professor Shine said there was an acknowledgement that China will need help to care for its rapidly growing, increasingly wealthy population. 'They're a group of very successful, outward-looking entrepreneurial spirited individuals,' he said.Īt the plant tour were executives like the chairman of Hong Kong listed shipping company SITC International and the chair of health, tourism and property conglomerate Sutrans Holding.

The group wants to consider potential collaborations in China and opportunities in Australia. The influential China Entrepreneur Club, which counts Alibaba founder Jack Ma in its invitation-only membership, have a delegation in Australia this week. The limitations faced by CSL in this regard was a key topic of discussion between the chairman and a delegation of uber-rich Chinese business people who visited the company's Melbourne manufacturing plant on Thursday. The company, which pierced a market capitalisation of $40 billion this week, faces the obstacle of building a network of collection centres, not to mention regulatory change, if it were to supply other blood and plasma products in China. Although the free trade agreement will not have a 'practical' impact on this business, Professor Shine said it would facilitate better relationships. The company had revenue of about $US300 million from China in 2013-14, which surged 29 per cent on the prior year.

It has about 120 staff in the country and has a burgeoning business supplying the blood protein albumin to hospitals for use treating burns victims and replacing fluid lost during surgery. 'It's been supported by their government and so they're keen to explore various avenues using that.'ĬSL has been in China for over a decade. 'It's on their agenda, it's upfront,' he said.

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