Successful health-care reform in China will have a major impact on the world economy. Considering the amount of stimulus dollars the government will pump into the industry, many international corporations could have record earnings in the years to come. Also, the social safety net that would come about through the increase in affordability and accessibility of health-care insurance would allow Chinese officials to reduce the crippling effect that the bloated savings rate is having on Chinese consumerism.
Although China’s current health-care system is dysfunctional, change is afoot: the government has been working toward enacting lasting reform since the SARS outbreak of 2002-2003. While the challenges facing the implementation of China’s health-care reform plan are immense, the potential impact on the world economy is too great for any investor or politician to ignore. To read more of Gant Morgner’s article about China’s developing health-care system, go to page 48 of the upcoming digital issue of EQUITIES Magazine. To access this issue of the magazine and more, sign up for a free one-year subscription to EQUITIES Magazine.
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Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
