In December 2011, the Ministry of Commerce (MOFCOM) and the National Development and Reform Commission (NDRC) updated the Foreign Investment Industrial Guidance Catalogue (外商投资产业指导目录) (Guidance Catalogue). For the first time, this revision placed foreign investment in medical institutions into the restricted category, up from prohibited.
Shanghai greenlights foreign-owned hospitals
China has been gradually opening up to wholly foreign-owned medical institutions, but a lack of policies has made it impossible for foreign investors to tap this market. Finally, a framework is in place in Shanghai's Free Trade Zone
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