10 September 2025 | 4:24PM CST China Healthcare: Aug 2025 China hospital equipment bidding: Better-than-expected MoM growth, with both MNC/domestic to thrive The bidding data in August 2025 (see Exhibit 1) exceeded our previous expectations, achieving a MoM growth of +12%, while YoY growth (+32%, see Exhibit 2) remained positive for the tenth consecutive month. We believe this MoM growth was largely driven by the implementation of this year's trade-in funding, which is also supported by United Imaging's com ...