Looks like it's going to be cheaper to do business in China. Maybe Japanese car companies in America will pickup and go there to have cars made? China will become the world's #1 economy very soon while America sinks
Health-Care Reform, China Style
As the government makes improvements through a stimulus bill, Chinese consumer preferences show a real opportunity for foreign medical device makers
By Shaun Rein
Lawmakers in Washington continue to struggle over President Obama's proposed reforms of America's health-care system. On the other side of the world another country has gone much farther, much faster, in addressing the need for change to its health-care system. As part of its $586 billion stimulus package, China has unveiled an aggressive plan to revamp its health-care coverage, providing a counterpoint to America's struggle with reforms.
China's reforms are designed to address needed improvements to health-care infrastructure and coverage for an aging population and 800 million rural residents as well as to spur domestic consumption to offset the effect of dwindling exports. While younger Chinese are still spending (as I wrote in BusinessWeek in March), savings rates among older folks are running as high as 50% as they worry about skyrocketing health-care costs.
In March, China's State Council announced an allocation of $123 billion toward health-care reform. Under the plan, by next year 90% of China's citizens will be covered by a universal health-care system and health-care facilities will be upgraded, including construction of 30,000 hospitals, clinics, and care centers across the country. Instead of focusing on large magnet hospitals (where queues to see rock-star-like doctors regularly top eight hours) the government plans to build local clinics to treat smaller problems and act as hubs directing traffic to bigger hospitals.
http://www.businessweek.com/globalbi...821_005732.htm
Health-Care Reform, China Style
As the government makes improvements through a stimulus bill, Chinese consumer preferences show a real opportunity for foreign medical device makers
By Shaun Rein
Lawmakers in Washington continue to struggle over President Obama's proposed reforms of America's health-care system. On the other side of the world another country has gone much farther, much faster, in addressing the need for change to its health-care system. As part of its $586 billion stimulus package, China has unveiled an aggressive plan to revamp its health-care coverage, providing a counterpoint to America's struggle with reforms.
China's reforms are designed to address needed improvements to health-care infrastructure and coverage for an aging population and 800 million rural residents as well as to spur domestic consumption to offset the effect of dwindling exports. While younger Chinese are still spending (as I wrote in BusinessWeek in March), savings rates among older folks are running as high as 50% as they worry about skyrocketing health-care costs.
In March, China's State Council announced an allocation of $123 billion toward health-care reform. Under the plan, by next year 90% of China's citizens will be covered by a universal health-care system and health-care facilities will be upgraded, including construction of 30,000 hospitals, clinics, and care centers across the country. Instead of focusing on large magnet hospitals (where queues to see rock-star-like doctors regularly top eight hours) the government plans to build local clinics to treat smaller problems and act as hubs directing traffic to bigger hospitals.
http://www.businessweek.com/globalbi...821_005732.htm
:lol::missingte
