VCs already eyeing potential in new Chinese health care reforms
Last week, China’s State Council approved sweeping reform of its health care system, infusing it with $125 billion to provide universal medical coverage by 2011. And already venture capitalists all over the world are anticipating the opportunities in life science fields — pharmaceuticals, device making, etc. — that this avalanche of new funding will make possible.
Medical care in China has been somewhat of a disaster since the demise of the state-run system of the 1980s…. Continue Reading