China will ease curbs on foreign investment in joint-venture hospitals, the government said on Wednesday, as it deepens a sweeping overhaul of its healthcare system aimed at cutting costs and sprucing up overloaded public services. China is an appealing market for pharmaceutical firms and medical-equipment makers, with spending in the industry expected to nearly triple to $1 trillion by 2020 from $357 billion in 2011, according to consulting firm McKinsey. In a healthcare reform plan for 2014 published on its website, China's cabinet, the State Council, said it aimed to relax limits on foreign investment in hospitals on the mainland. The ambitious overhaul also aims to bolster insurance coverage and crack down on graft, key areas for President Xi Jingping, who is looking to improve access and cut healthcare costs for the country's population of nearly 1.4 billion. via Health News Headlines - Yahoo News Read More Here..
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