Nation's cabinet calls foreign capital healthy for joint-venture hospitals

A handful of overseas investors are entering the Chinese healthcare market as the government announced the easing of curbs on joint-venture hospitals, according to a statement released by the State Council, China's cabinet, on Wednesday.

Amid China's latest healthcare reforms, the new policy is encouraging the establishment of private hospitals to reduce public services from being overburdened.

The plan involves overhauling the management of medical joint ventures that involve overseas partners, including "reducing restrictions on the percentage of foreign ownership in medical JVs and collaborations," it said in the statement.