Official announcements from Chinese government or industry reports

China Opens Healthcare and Digital Sectors to Foreign Investment

Nov 29, 2024, 11:08 AM

China has announced plans to further open its healthcare sector by allowing the establishment of wholly foreign-owned hospitals in several key regions including Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen, and the entire island of Hainan. This initiative excludes hospitals practicing traditional Chinese medicine and does not include mergers and acquisitions of public hospitals. The move aims to introduce international high-level medical resources and enrich domestic medical service offerings. Additionally, China has lowered entry barriers for foreign investors in its A-share market, signaling a commitment to market openness and reform, particularly in sectors like telecommunications, IoT, cloud computing, artificial intelligence, blockchain, and satellite navigation. The country also plans to accelerate the development of foreign trade in these high-tech sectors.