SHANGHAI -- China's Ministry of Commerce announced Sunday that wholly foreign-owned hospitals will be allowed in selected major cities, as the government steps up efforts to stop a slide in foreign direct investment.
Under an expanded pilot program to promote market liberalization in the health care sector, the ministry identified target locations including Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou and Shenzhen. Another is Hainan, where the government aims to develop the southern island province into a "high-level" free-trade zone by 2035.
