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China, Pharma, Medical Devices

China 15th Five-Year Plan and Its Implications for the Healthcare Industry

China 15th Five-Year Plan and Its Implications for the Healthcare Industry

Pursuant to the outline of the 15th Five-Year Plan, China intends to encourage foreign investment in advanced manufacturing and high-technology industries, reflecting the country’s strategic transition toward a phase of “high-standard opening up.” A comprehensive understanding of the relevant policy framework is critical for entities operating within the healthcare sector that seek to enter, expand, or maintain their commercial presence within the territory of China.