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Search resuls for: "CSI Medical Services"


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CNN —China has launched a sweeping anti-corruption campaign targeting its hospitals, pharmaceutical industry and insurance funds as it grapples with mounting economic challenges and long-standing public frustration about high costs in the behemoth healthcare sector. Some areas have set up hotlines for phoning in tips about corruption in the sector, according to state media. At least one state media report has described the campaign as “unprecedented in the depth, breadth and intensity” of targeting the healthcare sector. Despite wide health insurance coverage, absolute costs of healthcare can be a heavy burden for many in China. “Given the economic slowdown and the shrinking fiscal revenue, the debt-ridden local governments really don’t have the capabilities to invest more in the medical sector and corruption continues to be an issue,” said Huang.
Persons: That’s, Xi Jinping, Ren Jianming, Yanzhong Huang, , Huang, Jade Gao, Xi Chen, ” Chen, Winning Health Technology Group’s, Zhou Wei, Sun Ningling, ” “ Organizations: CNN, behemoth, Communist Party, China News Service, Center for Integrity Research, Education, China’s Beihang University, Publishing, Council, Foreign Relations, Getty Images, Yale School of Public Health, Getty, Health Commission, NHC, Central Commission, CSI, Reuters, Shanghai Serum, Winning Health Technology, Peking University People’s Hospital Locations: China, Yunnan, Shanghai, Beijing, Zhejiang, United States, New York, AFP, Guangzhou, Shenzhen
The one unanimous conclusion they came to was that Beijing wants a greater state presence in these sectors. Kroeber says the crackdowns are about "defining what the state does, what the private sector does, and creating a more limited sandbox for the private sector to play in." That has left investors now picking the state over the private sector. The CCP's July Politburo meeting reinforced the message, with the top policymaking body pledging to put a floor under the property sector, help indebted local governments heal and boost consumer demand. Huang Yan, general manager of private fund manager Shanghai QiuYang Capital Co, said Beijing will crack down on any sector seen as increasing people's economic burden.
Persons: Aly, Jack, Arthur Kroeber, Kroeber, Zhang Kexing, Xi Jinping, Mao Zedong's, Thomas Masi, Masi, Xi, Nuno Fernandes, Fernandes, Huang Yan, Huang, Kumar Pandit, Pandit, Jason Xue, Ankur Banerjee, Vidya Ranganathan, Sam Holmes Organizations: REUTERS, Rights, Ant Group, CSI Medical Services, Beijing Tongrentang, HK, Poly, Beijing Gelei Asset Management, Communist Party's, Investors, Mao Zedong's Marxist, Boston, K Investment Management, Shanghai QiuYang, Somerset Capital, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONGKONG, Beijing, New York, London, Singapore
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