On March 16, 2017, Benjamin Shobert testified before the U.S.-China Economic and Security Review Commission at a Hearing on "China's Pursuit of Next Frontier Tech: Computing, Robotics, and Biotechnology." Mr. Shobert is Senior Associate for International Health at NBR and serves as Principal Investigator for the Globalization of China's Life Science Sector project.Read Mr. Shobert's prepared remarks below or visit the U.S.-China Economic and Security Review Commission website to watch a webcast of the hearing: U.S.-China Economic and … [Read more...] about Benjamin Shobert Testifies before the U.S.-China Economic and Security Review Commission on Capitol Hill
This week in Washington DC, I had the opportunity to sit down with the Shanghai Media Group for a 15 minute Q&A on the state of reforms and key pilot projects specific to China's social and healthcare systems. The questions we discussed are below, and the TV link will follow when it is available to viewers:1.The social security issue is always the focus of Chinese people. Can you give a general evaluation of China’s achievements and shortcomings on this issue?2.The Chinese government has proposed to speed up several fundamental … [Read more...] about Social & Healthcare Reforms in Advance of China’s People’s Congress
Over the last year, Jing's work has been more and more involved with helping investors and healthcare service providers understand how to position their services to access China's yibao (government reimbursement). She has now helped map out, in detail, reimbursement plans at the local level in nearly a dozen provinces for home healthcare, senior care, rehabilitation and pharmaceutical companies. It is hard work, and requires a very unique ability to blend the quantitative with the qualitative, if for no other reason than much of what … [Read more...] about Figuring Out Reimbursement Policies in China
Can Technology Really Solve China's Healthcare Crisis? "Technology isn’t the solution to every problem; in fact, in many situations it can make things worse. Nowhere is this tension between technology’s promise and its unfulfilled potential more obvious than in China’s healthcare economy. This is why, despite significant high profile investments into China’s healthcare technology sector by stalwart innovators like Jack Ma, results thus far have come up well short from both investor and patient expectations." More in my Forbes column today. … [Read more...] about Can Technology Really Solve China’s Healthcare Crisis? (Forbes)
I was recently having dinner with Dan Harris from China Law Blog. Our conversation zeroed in on what he and his China lawyers are seeing in terms of changes in enforcement by Chinese officials towards foreign businesses. He noted that they are seeing a variety of what I will call "pushbacks" by the Chinese authorities towards foreign businesses since the election. Now, this could all be accidental or purely opportunistic, but what his firm is seeing are more and more instances where long-standing instances of corners that have been cut in … [Read more...] about Another Reminder for Foreign Companies in China … Don’t Cut Corners with Your License!
If you've been a long time reader you will know that I am particularly focused on helping western senior care companies globalize their businesses. For the better part of the last 6 years, this has meant a heavy emphasis on opportunities in China, Hong Kong, Singapore and India; however, given the scope of the world's aging challenges, these markets are not the only places senior care operators should be looking. Nearly a year ago I wrote over at Forbes, "In each of the BRIC economies, a set of factors are coming together to create the … [Read more...] about A Side Trip to Mexico – Senior Living in Mexico City