(Boston Globe) Massachusetts General Hospital is in early discussions with two partners to build a full-service hospital with 500 to 1,000 beds in China. If the project goes forward, the hospital would be built in the Hengqin New Area of Zhuhai City, an island off the country’s southern coast in Guangdong province connected to the mainland by a bridge and about 30 miles from Hong Kong. The Chinese government has slated the island for rapid development including a resort and entertainment facilit...
Boeing and Commercial Aircraft Corp. of China (COMAC) opened a demonstration facility that will turn waste cooking oil, or "gutter oil," into sustainable aviation biofuel on Wednesday. It will be using technology to remove contaminants from used cooking oil, and then convert that oil into aviation biofuel. It is expected to do so at a rate of 160 US gallons (650 liters) per day. That said, Boeing and COMAC estimate that if sufficient facilities existed, up to 500 million gallons (1.8 billion li...
Last month we wrote about new Measures related to the Administration of Registration and Filing of Medical Devices which entered into force on 1 October 2014. Below are some key changes introduced by these measures:
- Registration of Class I medical devices is no longer required
- Increased liabilities for registration agents of imported medical devices
- Clinical trials of medical devices approval process
- Only notification required when the manufacturing address of a medical device manu...
The recent anti-corruption regulatory and enforcement developments in China are showing first effects. Some measures implemented require that relevant governmental health authorities at the provincial level establish a blacklist system to record pharmaceutical or medical device companies and individuals that have engaged in bribery. Once a company is blacklisted, the consequences are serious: public hospitals and other hospitals receiving State funding will be barred from purchasing any goods or...
Beijing-based iCareNewLife company's CEO, Tao Jianhui, mentioned an important issue of challenges and opportunities in the medical devices and helthcare apps in China, during the Innospring seminar. Tao and Wang Xiao, CEO of Innospring, expressed their optimism about smart health monitoring devices, especially in the maternal market in China, because Chinese parents are known to spend when it comes to their children's future, starting with pregnancy. During the seminar, Tao also pointed out seve...
Four Chinese cities are at the very top of the Best Performing Cities Asia Index released by Milken Institute, and two more cities in China make it to the top 10. The Best Performing Cities Asia Index, which ranks cities based on economies that best fuel job and income growth, named the Chinese cities of Shenzhen, Guangzhou, Chengdu and Tianjin in the top four. Read more and access the full report: http://www.chinaregional.com/News.aspx
China will allow foreign investors to wholly own hospitals in seven cities and provinces, further opening up the country's fast-growing private hospital sector. Some commentators like Liang Hong, vice president of the China Health Insurance Research Association, say that given the market-oriented pricing of overseas-funded hospitals, China is going to encourage the development of the commercial health insurance industry to relieve the pressure on individuals who only have basic medical insurance...
President Xi Jinping visited Sri Lanka where he launched construction of a Chinese-backed $1.4 billion port city as he promotes his vision of a "maritime silk road" in the face of growing competition from Japan and India.
The Port City will be built by a unit of state-controlled China Communications Construction Co on 233 hectares (576 acres) of reclaimed land, an area slightly larger than Monaco. The offices, hotels, apartments and shopping centres will draw as much as $20 billion in investm...
Ministry of Commerce issued a notice on September 9th announcing a new pilot program in 34 cities that would try separating medical services and drug sales, and see non-hospital affiliated pharmacies gain the right to accept insurance payments so that patients with prescriptions can purchase drugs there instead. Involved in the project is also National Health and Family Planning Commission. The goal of the reform is to lower the costs of medicines by encouraging more competition among drugstores...
