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China opens up medical sector, manufacturing to foreign ownership in growth push

Bangkok Post LogoBangkok Post4h ago

China opens up medical sector, manufacturing to foreign ownership in growth push - Bangkok Post

Quick Summary:

China will allow wholly foreign-owned hospitals to be set up in several major cities, and let foreign investors offer human stem cell and gene therapy services in pilot free-trade zones, as part of efforts to bring back foreign investment and stabilise growth.

However, January-July foreign direct investment plunged by nearly 30% year on year to 539.5 billion yuan (US$76.1 billion), government data showed.

In August last year, Beijing issued a set of guidelines in a bid to increase foreign investment amid sluggish post-Covid economic recovery.


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China opens up medical sector, manufacturing to foreign ownership in growth push - Bangkok Post (Picture 1)China opens up medical sector, manufacturing to foreign ownership in growth push - Bangkok Post (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 11:21:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 639 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 22418320

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 10 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 6 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

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