It’s a fair enough criticism, I think. But remember we are contextualizing this through the lens of western capitalism and it does not exist in that environment. I think the comparison is fine but we have to remember that we are merely trying to understand this from a perspective that makes sense to us, which is not exactly how it is existing in reality.
The CPC just opened up the ability for foreign firms to run private hospitals.
I think the first one is a Singaporean real estate company?
Really grim shit and if you literally invite it in, you will find yourself in the midst of western capitalism
Announcement below
China Expands Access for Wholly Foreign-Owned Hospitals: 9 Cities Open for Investment
Following the initial announcement in September, China released a detailed work plan for wholly foreign-owned hospitals in nine cities: Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen, and the entire island of Hainan. This prompt follow-up demonstrates a strong commitment to opening up the healthcare sector and supporting foreign investment.
On November 29, 2024, the National Health Commission (NHC) together with three other government departments announced the detailed work plan for the establishment of wholly foreign-owned hospitals in nine major cities, including Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen, and the entire island of Hainan.
This is a prompt follow-up of the pilot policy released in September this year, which lifts bans on foreign-invested enterprises (FIEs) engaging in cell and gene therapy (CGT) in selected free trade zones (FTZs) and permits wholly foreign-owned hospitals in selected cities.
This reform is part of a broader agenda to modernize key industries, including healthcare and telecommunications, by addressing growing domestic demand and encouraging foreign participation.
It’s a fair enough criticism, I think. But remember we are contextualizing this through the lens of western capitalism and it does not exist in that environment. I think the comparison is fine but we have to remember that we are merely trying to understand this from a perspective that makes sense to us, which is not exactly how it is existing in reality.
The CPC just opened up the ability for foreign firms to run private hospitals.
I think the first one is a Singaporean real estate company?
Really grim shit and if you literally invite it in, you will find yourself in the midst of western capitalism
Announcement below