ANNOUNCEMENT 06 Feb 2017
February 6th, 2017 - The Chinese government released a document detailing a plan for sectorally-specific government support.
NUMBER OF INTERVENTIONS
PRC Ministry of Industry and Information Technology, February 6th, 2017. (工信部联电子〔2017〕25号 三部委关于印发《智慧健康养老产业发展行动计划（2017-2020年）》的通知)
In February 2017, the Chinese Ministry of Industry and Information Technology released Gongxinbu Liandianzi 2017/25, which outlined a plan for government support in the healthcare industry of China.
Included in the plan were details to channel government funds into said industry, increasing the use of 'state capital' in investment in targeted firms, as well as the encouragement of private investment in the same directions. Government guidance funds, often used as a mechanism of government support in China, will also be employed.
Also stated is the fact that the government will outright purchase 'smart' health care services that contribute to an improved healthcare system in the PRC, integrating them into the public sphere.
In addition, the plan states that consumption subsidies for designated 'smart' healthcare products will be established to help the industry expand.
The plan specifically targets firms that focus on 'smart health' and old age care, for example, internet-based diagnosis technology, disease management technology and old-age life care solutions.
A catalogue of eligible firms and products was subsequently released, all of which were Chinese. Please see related act for more information.