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The reform would not fix the big problems facing the health care industry and might not even appeal to the facilities’ backers


BEIJING (Caixin Online) - The government has finally made some progress permitting foreign investors to establish wholly owned hospitals in China nike air max womens wholesale , but the recent achievement may not be as impressive as it appears upon closer examination.


Three municipalities (Beijing, Tianjin and Shanghai) and four provinces (Jiangsu, Fujian, Guangdong and Hainan) have been chosen as pilot areas where foreign investors can hold all shares in a hospital, as opposed to the limit of 70 percent elsewhere in the country nike air max wholesale china , the Ministry of Commerce and the National Health and Family Planning Commission said on August 27.


The policy also says that the central government will delegate rights for reviewing and approving the establishment of a 100 percent foreign owned hospital to provincial governments. Applications should be submitted to provincial health authorities and then to the commerce regulator on the same level.


It has been four years since the State Council, the country’s cabinet, first raised the idea in 2010 to permit overseas investors to set up wholly owned hospitals in the country on a trial basis. Yet progress had been extremely slow, underscoring the challenges.


Only two hospitals in the country are entirely owned by overseas investors, one in Shanghai and the other in Shenzhen. Both were specially approved by health officials.


By handing approval authority to provincial governments nike air max wholesale , the August policy marked a great achievement in relaxing the restrictions on foreign investments into the health care sector.

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Liao Xinbo (http:english.caixin2014-07-10100702079), an official with the health commission’s Guangdong branch, said this amounts to granting foreign investors the same type of treatment as Chinese nationals when founding hospitals.