China Creates A Special Economic Zone For Medical Tourism
Alex Tabarrok, Marginal Revolution
The Chinese government have set up a special economic zone for medical tourism.
Hainan Boao Lecheng international medical tourism pilot zone, the first of its kind in the country, was approved by the State Council in 2013. It enjoys nine preferential polices, including special permission for medical talent, technology, devices and drugs, and an allowance for entrance of foreign capital and international communications.
The pilot zone also has permission to carry out leading-edge medical technology research, such as stem cell clinical research.
The zone, for example, offers a way to skirt the slow Chinese FDA (and presumably the slow US FDA as well).