Coronavirus: Chinese firms see surge in demand from India for medical oxygen devices

May 10, 2021 | INVESTING

Chinese companies have seen a spike in demand from India for medical oxygen equipment after Beijing pledged to mobilise support for the country as it struggles with a worsening Covid-19 crisis.China is the world’s biggest manufacturer of oxygen concentrators, and some factories say the demand has led to a shortage of the components needed to make them, pushing up prices.Beijing has said it is highly concerned about the situation in India, where a second wave of the pandemic has seen record…

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