Source: State Media
Category: Health Care
China will further expand the coverage of its basic medical insurance system and ease the cost of medical services in the next five years, Health Minister Chen Zhu said. Speaking at a meeting on the reform of the health care system, Chen said medical expenditure for individuals had been cut to 38.2% of China’s annual […]
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Graying markets
China’s rapid aging presents problems for the economy, but opportunities for an ignored consumer segment
Chinese pharmaceutical giant Sinopharm (01099.HK) said it plans to spend at least US$759 million on new company acquisitions over the next couple of years, Bloomberg reported. The firm has spent roughly the same figure buying up over 60 companies since its IPO launch in September 2009. The company said Wednesday it will spend a similar […]
A State Council policy paper suggesting a relaxation of restrictions on foreign ownership in China’s health care services sector signifies increased opportunities for foreign hospital operators on the mainland, the South China Morning Post reported. Previously, wholly foreign-owned hospitals were banned, and foreign medical service providers were restricted to joint ventures in which they could […]