Open AccessCHINA’S HEALTHCARE INDUSTRY DEVELOPMENT STRATEGIES
Author(s) -
Alexander Latkin,
O.V. Korneyko,
X LI
Publication year - 2021
Publication title -
azimut naučnyh issledovanij: èkonomika i upravlenie
Language(s) - English
Resource type - Journals
eISSN - 2712-8482
pISSN - 2309-1762
DOI - 10.26140/anie-2021-1001-0043
Subject(s) - china , context (archaeology) , business , health care , relevance (law) , healthcare industry , state (computer science) , scale (ratio) , economic growth , economics , political science , paleontology , physics , algorithm , quantum mechanics , computer science , law , biology
The relevance of the study is confirmed by the increased attention of specialists to the healthcare industry as the most important sector of the economy that can ensure the security of the nation and support economic growth. China's success in this industry has strengthened in the context of the COVID-19 crisis. The article is aimed at improving the conceptual, theoretical and applied aspects of the formation of the mechanism of state support for health care reform. The concept of the healthcare industry has been clarified. The growing health sector has been found to be a byproduct of China's economic recovery in many aspects. The impact of state policy is associated with large-scale reforms in the field of medical infrastructure, insurance, and opening up the healthcare market to foreign investors. It is concluded that China cannot compete intensively with Western leaders in the pharmaceutical and medical equipment industries. However, if we take into account trends and, above all, industrial policies and measures to implement them, we can easily foresee a sharp change in the actual division of market shares.