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On Health Production and Demand: And Why an Effective Health Industry is Vital for China (and the Rest of the World) Read chapter Read first chapter

2020 | OriginalPaper | Chapter

2. The Rise of China as a Global Player in the Healthcare Industry

Authors : Marco R. Di Tommaso, Francesca Spigarelli, Elisa Barbieri, Lauretta Rubini

Published in: The Globalization of China’s Health Industry

Publisher: Springer International Publishing

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Abstract

The chapter describes the trajectory of Chinese economy along the 40 years of reforms started by Deng Xiaoping. The goal is to better understand the changes and evolution of demand and supply of healthcare goods and services in China in the light of the impressive Chinese growth and economic development. Beside the Open Door and Go Global policies, a specific attention is paid to the New Normal and Xi Jinping’s economics. The Made in China 2025 Plan and the Belt and Road Initiative are examined as a combined set of industrial policies that are turning China into a world-class innovation-oriented economy. The case of healthcare industries is analysed in the light of those policies, in order to introduce the following chapters, where healthcare industries are examined in detail. After a brief depiction of the Chinese healthcare context in terms of both demand and supply, some data about word trade of healthcare goods are examined, to better frame the actual competitive position of China compared to other Western countries.

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previous chapter On Health Production and Demand: And Why an Effective Health Industry is Vital for China (and the Rest of the World)
next chapter Government Planning and Policy for the Health Industry
Footnotes
1
In April 2018, a new International Development Cooperation Agency (IDCA) was launched in China after deliberation by the country’s 19th party congress in October 2017, and endorsement by the National People’s Congress in March 2018. The Agency will be responsible for “coordinating and managing the country’s foreign aid policy, both financing and implementation. The agency is linked directly to the Chinese state council, the government’s multiministerial coordinating body. Up until now, China’s health ministry has played mostly a technical role in executing overseas health projects designed by the ministry of commerce” (Chen and Yang 2018).
 
2
 
3
www.​statista.​com, on Torreya and OECD data.
 
6
Instruments and appliances are those used in medical, surgical, dental or veterinary science, including scintigraphic apparatus, other electro-medical apparatus and sight-testing instruments.
 
7
Data about medical technology include IPC classes A61 medical or veterinary science; hygiene [B, C, D, F, G, H, J, L, M, N,] and H05G, that is, X-ray techniques. See: https://​www.​wipo.​int/​classifications/​ipc/​
 
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Metadata
Title
The Rise of China as a Global Player in the Healthcare Industry
Authors
Marco R. Di Tommaso
Francesca Spigarelli
Elisa Barbieri
Lauretta Rubini
Copyright Year
2020
Book
The Globalization of China’s Health Industry

Print ISBN: 978-3-030-46670-1

Electronic ISBN: 978-3-030-46671-8

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-46671-8_2