INCREASED FOREIGN INVESTMENT IN HOSPITALS SET TO BOOST HEALTHCARE
Experts believe more funding will help advance high-quality treatment to meet growing demand
Further opening-up of China's medical sector to foreign investment is expected to promote high-quality services and better meet wider public healthcare needs, experts said.
A circular, jointly issued by the Ministry of Commerce, the National Health Commission and the National Medical Products Administration in September, allows wholly foreign-owned hospitals to operate in eight cities, including Beijing and Shanghai, and throughout the island of Hainan.
Decision-makers intend for public hospitals to guarantee the basics, while foreign-owned ones provide diversified services to meet the rising demand for more personalized, higher-standard medical treatment amid the country's ongoing economic and social development, industry experts said.
