Comments() 
Print 
Mail 
Large Medium Small
BEIJING - China's central government has encouraged private sector to invest in nonprofit medical institutions by repealing a regulation that classified all private medical institutions as for-profit institutions.
A circular issued by Ministry of Health on Monday said that privately-run medical institutions could register as either for-profit or nonprofit, according to the nature of their business.
The repealed regulation, which was promulgated in 2000, defined almost all medical institutions supported by non-public funds as for-profit hospitals.
Nonprofit organizations in China enjoy many preferential treatments such as those related to approvals and taxation.
According to the ministry, 13,519 public hospitals and 8,864 privately-run hospitals were operating in China as of March.
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
