China on Sunday said it would the allow the establishment of wholly foreign-owned hospitals in nine areas of the country including the capital, as Beijing tries to attract more foreign investment to boost its flagging economy.
In a document on the official website of China’s commerce ministry, it said the new policy was a pilot project designed to implement a pledge the ruling Communist Party’s Central Committee led by Xi Jinping made at its July plenum meeting held roughly every five years.
“In order to…introduce foreign investment to promote the high-quality development of China’s medical-related fields, and better meet the medical and health needs of the people, it is planned to carry out pilot work of expanding opening-up in the medical field,” according to the document.
Yeah … that’ll happen.
My sense is they’re aiming for the American’s to come in and ‘take over’, meaning there will be little to no regulation. This will work out awesomely for the Americans until Xi decides that it’s time for them to leave. China will get all the infrastructure and Big Insurance won’t have made half the profits they thought they would.