Medical reform in China has been lagging, and private hospitals hardly play a role, because patients to not trust them, and medical staff does not want to leave state-funded career. Beida business professor Jeffrey Towson explains on his weblog what could be a road to reform, with the help of investment bankers.
Category Archives: health care
While health care insurance has been high on China´s political agenda, the impact of private insurance is still very limited, writes Peking University professor Jeffrey Towson in the Asia Nikkei. Before turning to possible solution, he paints the grim picture.
One remarkable conclusion by author Zhang Lijia of Lotus: A Novel on sex work in China is her conclusion that prostitution in China is largely a free choice, where women are free to enter, and free to leave. Yes, there is economic pressure, but no organized crime or human trafficking on a major scale, she says.
China´s macro economy regularly triggers off predictions of doom and gloom, but at micro level, there is still an amazing opportunity for growth, says Peking University business professor Jeffrey Towson to the Financial Times. “You can keep watching more and more movies and taking more and more vacations.”
China´s rich are changing the country´s agenda as the aging population focuses on health care and pensions, in the past often taboo subjects, says Hurun chairman Rupert Hoogewerf to FinNews Asia, after his research institute released another report. As the number of rich increase, so does they influence on the economy.
Already underfunded and facing a fast aging population, healthcare in China is under pressure. Financial analyst Sara Hsu sees some encouraging tests in keeping costs down, but many more reforms are needed to pass the test, she writes in the Diplomat.
The debate on the clash between traditional Chinese medicine and Western medicine continues after Tu Youyou obtained as the first Chinese the Nobel Prize for Medicine. Journalist Ian Johnson interviews for the New York Times the eminent expert Paul U.Unschuld on the position of Chinese Traditional Medicine in today´s China.
With the growth of high net worth individuals (HNWIs) in China, services for them expand. The need for luxury retirement homes is one of them, a survey supported by the Hurun China Rich List is one of them, tells Rupert Hoogewerf, Hurun founder, at the Global Times.
Not only is the municipal government leaving the city center of Beijing, more activities are going to leave for a new urban corridor between Beijing and Tianjin, reports journalist Ian Johnson in the New York Times. Hospitals, markets and administrative offices follow too by moving to Hubei province.
Reform of the health care is high on the political agenda, but to eradicate the massive inefficiencies will prove to be tough, writes analyst Sara Hsu in the Diplomat. “Some reforms, however, will take longer than others, particularly improving the quality of health care and changing patient views regarding local and private hospitals.”