Foreign investment in healthcare opens
July 12, 2012 | BY
clpstaff &clp articlesA series of reforms could finally open the country's tightly controlled and regulated healthcare industry, but what are the potential opportunities and challenges for foreign investors?
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From the founding of the People's Republic, the state acted as the only provider and financer of healthcare services. In the 1980s, this system experienced remarkable reforms. For the first time, private medical practices were allowed and local governments had the responsibility of supervising and financing healthcare services.
Recently, China's healthcare industry has been experiencing another era of change. Following an overhaul of the country's healthcare financing system, the 12th five-year plan promises further reforms to the sector, creating an enhanced platform for foreign investment.