In the News: China Opens up Medical Sector; Impacts of First International AI Agreement on China; and China Tightens Rules for Foreign Accounting Bodies

September 11, 2024 | BY

Clarence Lee &Brian Chan

China allows fully foreign-owned hospitals and foreign investment in gene technologies; China is assessing the compatibility of the international AI agreement with its own strategic plans; and China's Ministry of Finance strengthens its regulation of foreign accounting organizations, particularly for those that do not have offices in China

Promulgated: 2024-09-08

Credit: VILevi/Adobe Stock

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China to Trial Fully Foreign-Owned Hospitals in Nine Areas

China's Ministry of Commerce will implement a pilot project allowing foreign firms to fully own hospitals in nine cities and provinces as the country tries to woo back foreign investment, Reuters reports.

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