China has announced a new policy allowing wholly foreign-owned hospitals in nine cities, including Beijing, Shanghai, and Guangzhou, as part of a pilot project aimed at boosting foreign investment and enhancing the healthcare sector. This policy, part of a broader strategy to stimulate economic growth, excludes traditional Chinese medicine and public hospital acquisitions. Additionally, foreign-invested companies can now engage in gene and stem cell technology development in pilot free-trade zones. According to Xinhua, policy seeks to address declining foreign business sentiment and foster high-quality medical advancements.
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