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Shanghai Launches Initiative for Foreign-Owned Hospitals

share-iconPublished: Thursday, January 09 share-iconUpdated: Thursday, January 09 comment-icon10 months ago
News sources:
REUTERS
Shanghai Launches Initiative for Foreign-Owned Hospitals

Credited from: REUTERS

  • Shanghai has initiated a plan to allow wholly foreign-owned hospitals in key economic zones.
  • This makes Shanghai the first city to implement steps following the central government's announcement.
  • The move aims to attract foreign investment and boost economic sentiment amidst sluggish growth.
  • New foreign hospitals will enhance the diversity of healthcare services but will have restrictions on certain specializations.
  • Hospitals must employ at least 50% of personnel from the Chinese mainland to comply with regulations.

For the full article, visit Reuters.

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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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