Sep 02, 2014 05:39 PM

Closer Look: Letting Foreign Investors Open Wholly Owned Hospitals Hardly a Cure-All

(Beijing) – The government has finally made some progress permitting foreign investors to establish wholly owned hospitals in China, but the recent achievement may not be as impressive as it appears upon closer examination.

Three municipalities (Beijing, Tianjin and Shanghai) and four provinces (Jiangsu, Fujian, Guangdong and Hainan) have been chosen as pilot areas where foreign investors can hold all shares in a hospital, as opposed to the limit of 70 percent elsewhere in the country, the Ministry of Commerce and the National Health and Family Planning Commission said on August 27.

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