China will let foreign companies own and operate hospitals in some parts of the country as part of an effort to overhaul its health-care system.
Foreign investors in some parts of the country will be allowed to set up new hospitals or acquire existing ones under a new pilot program, according to a statement issued jointly by the National Health and Family Planning Commission and the Ministry of Commerce. The notice was dated July 25 but posted on Wednesday.
The pilot program will apply to the cities of Beijing, Tianjin and Shanghai as well as provinces of Jiangsu, Fujian, Guangdong and Hainan, the statement said. Only investors from Macau, Taiwan and Hong Kong can set up hospitals devoted to traditional Chinese medicine, however.
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Fanfan Wang, Wall Street Journal via CHINA US Focus http://ift.tt/1mWJKJi
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