Creating a favorable policy environment

What do you see as the most resilient part of the Chinese economy and how do you plan to align your business with it?

The demand for healthcare is the most resilient aspect of household consumption growth. In the past few years, China's healthcare service industry has been growing steadily and has become one of the leading industries in China's economic growth. With regard to the direction of corporate development, Carestream Health concentrates on the strengths of radiography, and strives for excellence in culture, technology and operation.

With the advancement of the Carestream 2020 Plan and Secondary Kitchen programs, Carestream will focus on its core business and achieve sustainable development in innovation and change, and China will become the center of Carestream's globalization strategy in the future.

How has your company adjusted to the uncertainties brought by trade frictions between China and the United States?

In the context of an increasingly uncertain international environment, the most important thing is to be your best self. Starting in 2018, Carestream has carried out a series of reforms to improve internal efficiency of operation and streamline business, which is known as the Carestream 2020 Plan. In addition to business reform, the company is vigorously reshaping its corporate culture, encouraging innovation and taking responsibility. China will become the center of driving global business.

In recent years, Carestream has maintained double-digit growth in China. No matter how the international environment changes, we will invest in all businesses suitable for Carestream, on the basis of focusing on core products.

China has adopted policies to further open the economy to foreign investment, to transform financial services and to promote private enterprises. How are you planning to take advantage of these policies?

At present, China is committed to speeding up the formation of a new pattern of comprehensive opening-up, and the development and implementation of policies such as expanding new foreign investment will have an important impact on it. As a multinational enterprise dedicated to "in China, for China" for more than 10 years, we are pleased to see and support the efforts of the Chinese government to build a globally integrated economy and promote a new round of high-level opening-up.

Since the healthcare reform in 2012, policy has become the main driver of the development and growth of the healthcare industry. Since entering the Chinese market, Carestream has actively responded to the call of the national healthcare reform, and actively exploited the rural market, the markets of small-and medium-sized cities and the nonpublic hospital market, in addition to continuing to provide products and services for large and medium-sized hospitals in cities.

How does your company plan to take advantage of the technology transformation opportunities in China over the next decade?

With the progress of technology and social needs, the digital revolution in China's healthcare field has begun quietly. Big data, cloud computing, the internet of things, artificial intelligence and other digital technologies have effectively improved the level of informatization, networking and intelligence of the healthcare industry.

Faced with the development trend of digitalization and information technology, Carestream will concentrate on the development of medical imaging and related areas, while speeding up market response, and establish a "secondary kitchen" in China to meet the needs of China's local healthcare institutions and global emerging markets. Whether now or in the future, we will continue to introduce innovative, cost-effective solutions to meet new challenges in the field of healthcare.