Hainan Island will be designated a special economic zone for "medical tourism," where foreigners will be able to fly to get cheap health care (similar to how offshore entities can go to Guandong Province to have cheap electronics manufactured)>
The zone will also have its own regulatory regime for medical experimentation, notably with stem cells, permitting research that is forbidden or controlled elsewhere in the country.
The move formalizes a four-year-old pilot scheme.
Hainan Boao Lecheng international medical tourism pilot zone, the first of its kind in the country, was approved by the State Council in 2013. It enjoys nine preferential polices, including special permission for medical talent, technology, devices and drugs, and an allowance for entrance of foreign capital and international communications.
The pilot zone also has permission to carry out leading-edge medical technology research, such as stem cell clinical research.
Since being established, about 20 projects with a total investment of 19.8 billion yuan ($2.9 billion) have been set up in the pilot zone, with another 15 projects approved.
Nine investment projects, with a total contract value of 8.4 billion yuan ($1.2 billion), were agreed at the congress in Boao, and five of them relate to the pilot zone.
Hainan, with its subtropical climate and coastal scenery, has many advantages that will help with the development of its medical tourism industry, said Jonathan Edelheit, CEO of the Medical Tourism Association.
Hainan sees potential in medical tourism sector [Liu Xiaoli and Huang Yiming/China Daily]
(via Marginal Revolution)
(Image: Jakob Montrasio, CC-BY)
Do Not Track was a standardized way for browsers to tell services that their owners did not consent to having their activities and usage logged; however, it was subverted by Big Tech and big media companies and turned into a useless tick-box that had virtually no impact on your privacy.
The latest fuck-you from Oath -- the Verizon division created to manage the zombie assets of AOL and Yahoo, bought at a ridiculous premium and then written down by more than 99% -- is the impending drawdown of Yahoo Groups, with mass deletions of all stored "Files, Polls, Links, Photos, Folders, Calendar, Database, Attachments, Conversations, […]
In 2017, California passed a state law mandating disclosure of wholesale drug prices, something the Big Pharma companies fought tooth and nail. Now, the first of those disclosures has taken place, and it reveals spectacular levels of price-gouging from the pharmaceutical industry's greediest monopolists: an overall rise of 25.8% in the median drug price since […]
As cool as your smartphone is, it can’t do everything. When a job requires a little elbow grease, a multitool is a great thing to have around – and might just save your life in the right situation. Here’s a roundup of some of the latest multitool designs, which have come a long way since […]
Whether you own or rent your place, insurance on that home is a necessary hassle – but a new tech-driven company called Lemonade is starting to show that while it might indeed be a necessity, it doesn’t have to be a hassle. Here’s the way insurance typically works: You pay premiums and hope an accident […]
People tend to keep luggage around for a long time. And why not? New suitcases are pricey, and no matter how banged up or patched up that old bag gets, it still holds your clothes. Right? Maybe not. Here are 15 travel bags and accessories that make a strong case for upgrading your gear. They’ve […]