11-May-17 The World Bank approved a USD600 mn loan to China to help improve healthcare in Anhui and Fujian. "China... now faces new challenges: an aging population and an increasing burden of chronic diseases," said Ramesh Govindaraj, Lead Health Specialist. [image: National Health and Family Planning Commission of the PRC]

11-May-17 China's government will spend RMB1.4 tn (USD203 bn) on medical and health care in 2017, to support the country’s medical reforms. The spending will constitute 7.2% of total government spending, up from 5% in 2008 when reforms began. [image: China Medical News]

10-May-17 Chinese company iCarbonX is developing an AI-based app providing medical advice based on a customer’s DNA, health habits and environment. The company has raised USD600 mn and plans to build a database of DNA from over one million people. [image: Nature]

09-May-17 Raffles Medical is developing two international tertiary hospitals in China. The new 700-bed hospital in Chongqing and the soon to be completed 400-bed capacity Raffles Hospital Shanghai are expected to start operations at the end of 2018. [image: Raffles Medical Groiup]

05-May-17 China's Ping An Insurance is launching its first overseas fund to invest in and health care tech worldwide. The fund will look for investments in early stage fintech and healthcare technology firms around the world. [image: Jerome Favre / Bloomberg / Getty Images]