More than half of Chinese men smoke and many of the country’s cities are periodically blanketed in toxic smog, so millions of people are expected to develop respiratory illnesses in the coming years.
Linde, the German industrial and medical gases company, therefore sees a huge need for oxygen and other respiratory therapies in the world’s most populous country.
Three years ago it paid $4.6bn to acquire Lincare, a US provider of homecare respiratory services and equipment.
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