Universal health care in China
Source: http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert/0/0/universal-health-care-in-chinaPosted on Thursday, October 16th, 2008 | In Asia
Contributed by: Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert) -
Senator Obama isn’t the only one talking about universal health care.
The Chinese National Development and Reform Commission unveiled its plan to provide basic care
for all its citizens by 2020.
Wait, doesn’t a communist country like China already provide free health care to everyone? Not hardly!
The economic reforms and rising health care costs have created a country of health care have and have-nots. The poor (especially the rural) have found themselves priced out of even the most basic health care services.
It now seems China is going to take some of its $1.8 trillion of reserves and spend some of it on keeping its populace healthy.
Take a look at China Nepstar while you’re at it.
Last 5 posts by Tony Sagami
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Tags for this Post:
Asia, basic health care services, China, Chinese National Development and Reform Commission, USD
Asia, basic health care services, China, Chinese National Development and Reform Commission, USD
 About Tony Sagami (http://blogs.moneyandmarkets.com/blog/china-and-asia-stock-alert)
Tony Sagami, a veteran investment advisor and a leading expert on Asian markets, is the owner and founder of Harvest Advisors, an investment research and money management company. Mr. Sagami has been managing money for more than 20 years and is one of the early pioneers in the application of technical and quantitative analysis to mutual funds and stocks. He is a featured contributor to Weiss Research’s daily e-letter, Money and Markets and monthly Safe Money Report as well as the editor of Asia Stock Alert. Prior to establishing his own firm, Mr. Sagami was managing director at W.E. Donoghue & Co, serving additionally as the director of investment. During his successful career, he also held the position of account executive at Merrill Lynch. Mr. Sagami’s views on Asian markets, specifically Chinese investments, have been featured in publications such as The Wall Street Journal, Barron’s, Kiplinger’s, Smart Money, Business Week, New York Times, Washington Post, Investors Business Daily, Bloomberg, Financial Planning Times, Mutual FundsMagazine, Chicago Tribune, and the LA Times, as well as on CNBC and CNBC Asia. Mr. Sagami holds a degree in economics from the University of Washington. |
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