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under the arrangement of invest shenzhen, shenzhen's deputy mayor chen biao held talks with the delegation led by medtronic's executive vice-president and director of the cardiovascular business department michael coyle on march 11. other attendees included deputy director of invest shenzhen li shi and senior officials from government agencies including the shenzhen development and reform commission, sci & tech innovation commission, drug administration of shenzhen municipality and shenzhen foreign affair office.
during the meeting, chen biao talked about the development of shenzhen's high-tech industries and were briefed on the cooperation between medtronic and lifetech. chen commented that medtronic, as a global leader in the area of medical technology, and shenzhen's lifetech scientific corporation will both benefit considerably from their partnership and the strong support from shenzhen municipal government. he also welcomed medtronic to set up headquarters, r&d and other facilities in shenzhen.
established in 1949 and headquartered in the american city of minneapolis, minnesota, medtronic inc. is a globally leading medical technology company with operations in over 120 countries and has a staff of 39,000. in 2011, the company ranked 164th on the list of fortune global 500 companies.