China
China Broadens Opportunities for Wholly Foreign-Owned Hospitals: 9 Cities Ready for Investment
On November 29, 2024, the National Health Commission and three departments outlined plans for wholly foreign-owned hospitals in nine cities, following a September pilot policy. Foreign investors must be experienced entities complying with legal medical service regulations to establish these hospitals.
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.
In this article, we introduce the eligibility and requirements for wholly foreign-owned hospitals as outlined in the detailed work plan and address frequently asked questions regarding this pilot.
According to the official announcement, foreign investors applying to establish wholly foreign-owned hospitals must be legally responsible entities with experience in directly or indirectly investing in and managing medical services.
They must also meet the following requirements:
According to the official announcement, wholly foreign-owned hospitals must be established and operated in compliance with relevant laws and regulations:
This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
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China
Beijing’s Aspirations in the South China Sea Remain Unshaken Despite China–Philippines Agreement
The Philippines and China agreed on a temporary arrangement allowing resupply of the BRP Sierra Madre, recognizing the Philippines’ rights in its EEZ and challenging China’s territorial claims in the South China Sea.
Philippines and China Reach Temporary Agreement
The Philippines and China have struck a temporary deal allowing the Philippines to resupply the grounded naval vessel, BRP Sierra Madre, in the South China Sea. This agreement is a critical step as it upholds the Philippines’ rights within its Exclusive Economic Zone (EEZ), countering China’s territorial claims. The BRP Sierra Madre serves as a key element for the Philippines to maintain its presence in the contested waters. China’s aggressive actions in the region have led to increased international scrutiny, straining its diplomatic relationships.
Conflict on High Seas
The provisional arrangement came after a confrontation on July 21, 2024, where the Chinese coast guard attacked Philippine Navy boats attempting to deliver supplies to the BRP Sierra Madre. While this new accord may help protect Filipino military personnel, it ultimately does little to alter the broader dynamics of bilateral relations. The acknowledgment of the Philippines’ EEZ rights undermines China’s objectives in the South China Sea.
Strategic Implications of the South China Sea
The South China Sea is crucial, accounting for over 60% of global maritime trade valued at approximately $5 trillion. It serves as a significant gateway for Chinese naval forces amid its ambitions to dominate the Indo-Pacific region. As the U.S. and its allies bolster their defenses, Beijing feels pressured to assert its strength. While the temporary agreement may offer a short-term reprieve from escalating conflicts, China’s military experience in such high-stakes scenarios remains relatively untested.
Source : Beijing’s South China Sea ambitions won’t be battered by China–Philippines agreement
Business
China’s Travel Surge: Expanded Visa Exemptions Enhance Tourism and Business Prospects, Improving Access for Travelers and Strengthening Global Connectivity – Travel And Tour World
China has improved travel access by expanding visa exemptions, attracting millions of international visitors and fostering cultural exchanges, while enhancing global connectivity and positively shifting perceptions of the country.
The Shift in China’s Travel Landscape
China is experiencing a travel boom driven by a significant reduction in visa restrictions. Starting December 1, 2023, travelers from 38 countries, including major European nations, can visit visa-free for up to 30 days. This change reflects China’s commitment to enhance global mobility and revitalize its tourism industry post-pandemic. As a result, international arrivals increased to over 8.1 million by the third quarter of 2024, marking a 48.8% rise from the previous year.
Exploring Beyond Traditional Destinations
The new access has prompted travelers to seek immersive experiences, venturing beyond iconic sites like the Forbidden City. Tourists increasingly explore local cultures and markets, enhancing their understanding of daily life in China. Guides have adapted, offering tours that include cultural hotspots and local culinary experiences, thereby enriching the overall visitor journey and promoting authentic engagement.
Broader Implications for Global Connectivity
China’s visa-free initiatives foster greater international connectivity and cooperation in trade. As foreign travelers find it easier to engage with Chinese businesses, reciprocal visa easings may follow globally. The improved perceptions of safety and hospitality, highlighted through social media, contribute to a renewed interest in China’s diverse cultural landscape and its potential as a primary travel destination.
China
China-Denmark Trade and Investment: Key Developments and Emerging Opportunities
China’s investments in Denmark enhance collaboration in renewable energy, green technology, and digital infrastructure, aligning with both nations’ sustainable development goals. Their partnership, solidified by joint programs, underscores mutual economic interests and complementary strengths in green innovation and manufacturing.
As both countries share a commitment to sustainable development, China’s increasing investments in Denmark are driving innovation in renewable energy, green technology, and digital infrastructure. This partnership is further strengthened by Denmark’s expertise in wind energy and environmental solutions, aligning well with China’s goals to transition to a greener and more digitally advanced economy.
The growing trade and investment relationship between China and Denmark not only reflects mutual economic interests but also highlights the complementary strengths of each nation. Denmark’s high-tech manufacturing, environmental engineering, and green energy solutions are vital to meeting China’s evolving demands, while China’s large-scale market and industrial capacity offer vast opportunities for Danish enterprises. Together, these nations are paving the way for continued progress in sustainability, technological innovation, and economic growth.
In 2017, the two countries took a further step to solidify their relationship by establishing a Joint Work Programme for 2017-2020. The program acted as a blueprint for bilateral cooperation, encouraging strategic dialogues and joint ventures between the two nations in key areas such as trade, investment, environmental sustainability, and technology
The partnership was further reinforced in November 2021, when the Foreign Ministers of China and Denmark announced the commitment to a new phase of cooperation through the Green China-Denmark Joint Work Programme. The agreement emphasizes the acceleration of green technologies, renewable energy, positioning Denmark’s expertise in clean energy and green innovation as a crucial asset in China’s drive toward a greener economy.
Over the past five years, China’s exports to Denmark have shown consistent growth, further strengthening the economic ties between the two nations. This trend underscores their mutual commitment to expanding commercial relations and unlocking the potential for deeper cooperation.
China’s growing importance to Denmark, both as a market and as a supplier of production inputs, is evident in the economic integration over the last three decades. Today, China is Denmark’s fourth-largest export market, after the United States, Germany, and Sweden.
This article was first published by China Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
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