Medical Services Expenditure To Approach US$500bn Within Five Years

Healthcare spending in China is forecast to increase from CNY1,472bn (US$215bn) in 2009 to CNY1,682bn (US$250bn) in 2010. Due to the strengthening yuan, this equates to growth of 14.3% in local currency terms and 16.3% in US dollar terms. Annual per-capita spending on medical services is US$159, which is above the regional average of US$123. The government accounts for just under half the spending and expenditure as a percent of GDP is 4.5%. By 2014, yearly healthcare spending will have risen to CNY2,878bn (US$496bn).

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