Australia has
strong capabilities in the health sector and much experience in aged care.
China, in its current five-year plan, aims to increase life expectancy and deal
with challenges from chronic diseases, environmental and food safety, and its
aging population. China needs overseas
service suppliers to deliver health, medical and leisure services. China is a leading market for biopharmaceuticals and looks to build
global networks in research, development, production, and sales. Medical
tourism, manufacturing of health supplements, high-end medical equipment and
even fitness for all are on China’s shopping list. There has been a surge in
Chinese investment into Australian healthcare including health supplements,
services, and private hospitals.
“Healthy China’ will see China’s healthcare
industry worth more than 8 trillion RMB by 2020. By 2025 more than 25% of
China’s population will be aged over 60, aged care and every aspect of service
has a need for foreign help to address this huge challenge as China heads towards
being a ‘super-aged society’.