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China's smart health care plan can unlock its economic future

Getting it right will boost consumption across all generations

| China
A woman pushes an elderly man on a wheelchair in Beijing on May 10: health care spending is expected to increase from less than 5% of GDP to over 10% by midcentury.   © AP

Lauren A. Johnston is visiting senior lecturer at the University of Adelaide. She is founder and managing director of New South Economics.

Chinese Vice Premier Liu He recently spoke of the importance of high-quality growth and technological innovation for future economic growth. For Liu, entrepreneurs are like fish. They will swim over when the water quality and temperature are right. But what are the best conditions for those fish to thrive?

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