21 February 2019

China eyes 8 trn yuan health service sector, report says

China aims to raise the gross value of its health service sector to over 8 trillion yuan (US$1.31 trillion) by 2020, the official Xinhua news agency reported on Monday, citing guidelines issued by the State Council. New measures to increase private capital in the sector will include relaxing market entry requirements and giving equal treatment to non-profit private medical institutions and public medical establishments, the report said. The government will also simplify approval procedures for rehabilitation centers, hospitals for children and elderly patients, and nursing homes, according to the guidelines. The health service industry covers medical services, health management, health insurance, and other supporting sectors related to pharmaceuticals, medical equipment, healthcare facilities and healthcare food, the report said.

– Contact HKEJ at [email protected]


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