Curbs eased on for­eign in­vest­ments in hos­pi­tals

China Daily (Canada) - - NEWSCAPSULE -

China will ease curbs on for­eign in­vest­ment in joint-ven­ture hos­pi­tals, as it over­hauls its health­care sys­tem to cut costs and im­prove over­loaded pub­lic ser­vices.

The an­nounce­ment was made in a health­care re­form plan for 2014 pub­lished on the web­site of China’s cab­i­net, the State Coun­cil.

The plan in­volves over­haul­ing the man­age­ment of med­i­cal joint-ven­tures with over­seas part­ners, in­clud­ing “re­duc­ing re­stric­tions on the per­cent­age of for­eign own­er­ship in med­i­cal JVs and col­lab­o­ra­tions,” it said in the state­ment.

The move would in­crease the num­ber of cities where in­vestors from Hong Kong, Ma­cao and Tai­wan could set up whol­ly­owned med­i­cal in­sti­tu­tions, and al­low over­seas in­vestors to set up wholly-owned hos­pi­tals in des­ig­nated ar­eas, such as the Shang­hai free trade zone.

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