04 | 2015 | Health and Business

Cashing in on feeling good - Health and Business

"In this month’s German Chamber Ticker you will read about health in China today from a number of angles: from e-health services, to new rules for foreign-invested hospitals, to food safety, to how busy professionals like you can guarantee health and energy in their own lives. We hope that you enjoy reading!"


Simone Pohl - Executive Director, GCC Shanghai

 

GCT-04-2015

Cover Story 1 - Fortune Favors the Prepared

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Navigating the Risks and Opportunities of China’s Healthcare Economy

by BENJAMIN SHOBERT

 

As many Western countries experience widespread austerity, especially when it comes to healthcare spending, an increasing number of healthcare service providers, medical device and pharmaceutical manufacturers are turning toward China as a critical source of future revenue growth. This decision comes at a critical time for China as well: after decades of dramatic under-investment in the country’s public healthcare system, since 2009 the central government has begun to massively increase spending on healthcare services.


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Cover Story 2 - E-Health's Blue Ocean

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Challenges and Business Opportunities in E-Health in China

by DR. LIN SHI and PROF. DR. FLORIAN KOHLBACHER

With the recent development in information and communication technologies (ICT) since the beginning of this century, e-health has experienced rapid growth. The World Health Organization (WHO) defines e-health as the transfer of health resources and health care by electronic means. According to a survey published in April 2014 by PwC’s Health Research Institute, nearly 50% of the respondents preferred at-home or retail options as opposed to visiting a hospital for a dozen medical conditions or procedures.

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Cover Story 3 - The Wholly Foreign Hospital

New Reforms Allow Foreign-Owned Hospitals in More Cities

by DAVID WOOD

One issue which has had a major impact on hospital projects in China has been the extent of foreign ownership allowed for each project. In the earliest stages of extensive foreign investment in the Chinese healthcare industry, the formula that was adopted was a maximum of 70% foreign investment with a minimum of 30% for a Chinese partner.


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Cover Story 4 - Shared Governance is the Key to Food Safety

Changing Environment under the Upcoming Law

by JEROEN DEGROOT 

Given food’s importance in Chinese society, the significance of a food safety law seems self-evident. A big step forward has been made with the introduction of the new food safety law, which will be effective from October of this year. The new law requires more scientific methods for quality management, a fairer market environment and broader social responsibility than the previous versions.


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Cover Story 5 - Vitality for Business

Jump-Start Your Energy for Better Performance

by PROFESSOR MICHAEL B. MCGANNON

Over the past 30 years or so, while teaching my module "The Vitality Project" at business schools such as CEIBS (Shanghai), INSEAD (France), IMD (Switzerland), Cambridge (UK), SIM (Singapore), Skolkovo (Moscow), I surveyed more than 125, 000 senior managers, and asked “What is Vitality to you?” In the responses, the word “energy” invariably came up.


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Cover Story 6 - All for the Kidney

Dr. Kirill Koulechov and Dr. Alan Chen on R&D and their China Strategy

by DR. ANNIKA BEIFUSS

Fresenius Medical Care is the world's largest provider of products and services for individuals with renal diseases of which more than 2.6mn patients worldwide regularly undergo dialysis treatment. It conducts activities in more than 100 countries, and earned revenue of more than USD 15.8bn in 2014. The company established a new R&D center in Minhang District, Shanghai.


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In the Spotlight: The More we do Together, the Stronger we are - Interview with Hans Dietmar Schweisgut, Ambassador of the European Union to the People’s Republic of China and Mongolia

The More we do Together, the Stronger we are

Interview with Hans Dietmar Schweisgut, Ambassador of the European Union to the People’s Republic of China and Mongolia

by SEBASTIAN SUCIU and JANA KUMPF

Mr. Hans Dietmar Schweisgut was appointed EU Ambassador to China in September 2014, after having previously served as the EU Ambassador to Japan from 2011. He joined the Austrian Ministry of Foreign Affairs after obtaining his doctorate in law at the University of Innsbruck and post-graduate studies in the US and the Diplomatic Academy in Vienna.

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Feature 1 - FTZ Update

New Regulations in the Shanghai Free Trade Zone

by DR. ULRIKE GLUECK and CYNDI CAO

In the past few months several new regulations were issued concerning different aspects of operation in the FTZ. Below is a summary of the key contents of the new regulations:


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Feature 2 - What We Learned From the BCS

The Business Confidence Survey Results Reflect a New Normal

by MAX J. ZENGLEIN

Though German companies remained largely unaffected by the economic slowdown in 2014, with many companies performing strongly, the cooling macroeconomic environment is now taking a toll. Lower growth expectations, however, have not corresponded to pessimism about the potential of China’s economy.


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Feature 3 - One Belt, One Law?

China’s Big Leap Outward and the Protection of Intellectual Property

by VICTOR ROUAULT and Dr. ANNIKA BEIFUSS

'New Silk road,' 'Silk road Economic Belt,' 'One Belt, One road' - China’s latest vision for its huge economic development strategy goes by many names. President Xi Jinping introduced the idea of a new Eurasian corridor in September 2013 at Nazarbayev University, Kazakhstan. 


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Feature 4 - Connecting Without Conflict

Best Management Practices for International Teams

by NORMAN GRANT

Most corporate teams no longer consist only of people from the same culture. In order to solve both local and global issues, teams are now both multifunctional and multicultural. Cross-cultural communication competence in a team is therefore vital to achieving its project goal.

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Feature 5 - Relaxed Rules for Residence

The New Regulations for Shanghai Residence Permits

by XIE SIDI

In order to support the development of the Shanghai Technology Innovation Center (STIC), the rules of applying for residence permit for foreign talents have been relaxed by PrC Ministry of Public Security. Recently, Exit-Entry Administration Bureau of Shanghai Public Security Bureau has released implementing rules (the “New rules”) which came into force on 1st July 2015.

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More than Business 1 - Translate Values into Practice

Corporate Lawyer Philip Lazare on Diversity and Inclusion in the Workplace

by Olivia Helvadjian

Philip Lazare is a partner at the Shanghai office of the international law firm Luther. He has advised clients with labor and compliance issues, and is legal adviser to China’s 1st Handicapped Workshop in Taicang, Jiangsu Province. German Chamber Ticker spoke with Mr. Lazare in order to learn more about social inclusion in mainland China.

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More than Business 2 - More than a Chamber Meeting

The German Chamber Holds its First “More than a Market” Evening Event

On 25th June, the social engagement initiative “More than a Market” was launched at a Chamber Meeting of a slightly different kind. Ms. Brigitte Wolff opened the evening by welcoming all of the guests to the event. Mr. Titus Freiherr von dem Bongart then told the audience what the initiative is about, and explained how it was developed with the aim of helping the German business community to grow stronger roots in Chinese society. 

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