{"id":12356,"date":"2025-02-11T10:53:00","date_gmt":"2025-02-11T09:53:00","guid":{"rendered":"https:\/\/mrl-munich.com\/mrl-advisors-selected-news-china-second-half-2024\/"},"modified":"2025-07-11T17:35:01","modified_gmt":"2025-07-11T15:35:01","slug":"mrl-advisors-selected-news-china-second-half-2024","status":"publish","type":"post","link":"https:\/\/mrl-munich.com\/en\/mrl-advisors-selected-news-china-second-half-2024\/","title":{"rendered":"MRL Advisors &#8211; Selected News China &#8211; Second Half 2024"},"content":{"rendered":"\n<p class=\"has-text-align-left\">The policy and business landscape in China is constantly evolving, creating new opportunities and avenues. However, navigating the complexities of these news and separating the signal from the noise can be challenging, with risks of following the wrong trends or missing relevant updates. At MRL Advisors, our dedicated teams on the ground in China stay on top of the latest developments and bring deep expertise to help you focus on what matters most. We believe that understanding these shifts is essential to understanding China, which is why we provide a bi-annual summary highlighting the most significant regulatory, investment and market developments.   <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h3 class=\"wp-block-heading\"><strong>Investments: Western Firms\u2019 Long-Term Commitment to China<\/strong><\/h3>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>German firms ramp up investment, not to miss out on China&#8217;s growth opportunities<\/strong><\/h4>\n\n<p><em>Aug, 2024 &#8211; <a href=\"https:\/\/english.news.cn\/20240825\/cc56c0dc963344a3b7a9f2d71308f386\/c.html\" target=\"_blank\" rel=\"noreferrer noopener\">Xinhua<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">Several prominent German companies have demonstrated their long-term commitment to China through significant increases in investments. Behind the sustained increase in German investment in China lies confidence in the country&#8217;s long-term economic prospects, positive signals emanating from China&#8217;s high-level opening-up and a continually improving business environment. <\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>German FDI in China hits \u2018record&#8217; in H1, shows commitment to China market<\/strong><\/h4>\n\n<p><em>Aug, 2024 &#8211; <a href=\"https:\/\/www.globaltimes.cn\/page\/202408\/1318050.shtml\" target=\"_blank\" rel=\"noreferrer noopener\">Global Times<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">The Financial Times reported on Tuesday that German direct investment in China reached 2.48 billion euros ($2.73 billion) in the first three months of 2024 and rose to 4.8 billion euros in the second, citing data from the Bundesbank, Germany&#8217;s central bank.<\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>Foreign medical firms, local partners ink more deals<\/strong><\/h4>\n\n<p><em>Nov, 2024 &#8211; <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202411\/20\/WS673d36d8a310f1265a1ce824.html\" target=\"_blank\" rel=\"noreferrer noopener\">China Daily<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">EssilorLuxottica signed agreements to enhance intelligent manufacturing in Shanghai&#8217;s Songjiang district and Danyang, aiming to deliver high-quality optical products. Boehringer Ingelheim partnered with the Chinese Stroke Association to improve ischemic stroke treatment by increasing access to reperfusion therapies. Roche launched a pediatric healthcare exchange platform to standardize diagnosis, empower pediatricians, and enhance knowledge-sharing. Shanghai Henlius Biotech partnered with Saudi Arabia\u2019s SVAX to establish joint ventures for global registration and commercialization of biologics, strengthening its international presence.These collaborations aim to improve healthcare quality, accessibility, and innovation both in China and globally.   <\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>Swiss company contributing to AI-empowered healthcare solutions in China<\/strong><\/h4>\n\n<p><em>Nov, 2024 &#8211; <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202411\/12\/WS673308b6a310f1265a1cce81.html\" target=\"_blank\" rel=\"noreferrer noopener\">China Daily<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">At the seventh China International Import Expo in Shanghai, Swiss pharmaceutical company Roche introduced the &#8220;Digital Healthcare Incubator 2.0,&#8221; a platform that streamlines healthcare product development from clinical validation to market launch. Roche has developed AI-based digital pathology and imaging models to assist doctors in diagnosis and recovery predictions, as well as digital management tools for early tumor detection and intervention. These innovations aim to alleviate doctors&#8217; workloads and enhance personalized medicine, ultimately benefiting Chinese patients. The company emphasizes its role as a bridge between academia and industry to bring meaningful innovations to healthcare.   <\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>Global firms and Chinese partners to jointly build an innovative healthcare ecosystem<\/strong><\/h4>\n\n<p><em>Nov, 2024 &#8211; <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202411\/06\/WS672b6409a310f1265a1cbe07.html\" target=\"_blank\" rel=\"noreferrer noopener\">China Daily<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">At the 7th China International Import Expo in Shanghai, global medical companies collaborated with local partners to foster an innovative healthcare ecosystem. Key agreements included Sanofi China teaming up with the Maternal and Child Health Center to promote pediatric disease prevention and treatment. Novartis China and Beijing Anzhen Hospital signed a memorandum to advance cardiovascular disease research. Additionally, Intuitive Fosun and Siemens Healthineers collaborated on technologies to improve lung cancer diagnosis. Bayer, Jiangnan University, and Wecare-Probiotics also celebrated the launch of a probiotic product aimed at intestinal health.    <\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>Roche Diagnostics opens new China head office<\/strong><\/h4>\n\n<p><em>Nov, 2024 &#8211; <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202411\/08\/WS672ddd4da310f1265a1cc569.html\" target=\"_blank\" rel=\"noreferrer noopener\">China Daily<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">Roche Diagnostics has inaugurated its new China head office in Shanghai&#8217;s Pudong New Area, underscoring its commitment to the Chinese healthcare sector. Concurrently, the company&#8217;s Technical Innovation Center (TIC) received the Group Open Innovation (GOI) certification from Pudong authorities. The TIC aims to enhance collaboration in clinical validation, in vitro diagnostic technologies, and digital solutions, thereby accelerating the availability of advanced diagnostics for Chinese patients  <\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>Med-tech &#8216;Big Man&#8217; confident in Chinese market<\/strong><\/h4>\n\n<p><em>Dec, 2024 &#8211; <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202412\/20\/WS6764d797a310f1265a1d4062.html\" target=\"_blank\" rel=\"noreferrer noopener\">China Daily<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">Becton, Dickinson and Company (BD), a leading U.S. medical technology company, remains confident in the Chinese market, its second-largest globally. CEO Tom Polen highlighted BD\u2019s long-standing commitment to innovation and training, with over a million nurses trained in China. The success of its Greater China Training &amp; Innovation Center has led to plans for another in Tianjin. BD is investing in smart healthcare, home care, and chronic disease solutions while expanding local manufacturing, including its largest investment in 30 years at the Yixing plant. The company is also integrating AI-driven patient monitoring systems and continues to support China\u2019s healthcare innovation efforts.    <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h3 class=\"wp-block-heading\"><strong>Regulatory Reforms: Easier Access for Foreign Investors in China<\/strong><\/h3>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>Hainan\u2019s New Zero-Tariff Policy on Drugs and Medical Devices in Boao Lecheng Pilot Zone<\/strong><\/h4>\n\n<p><em>Sep, 2024 &#8211; <a href=\"https:\/\/www.china-briefing.com\/news\/hainans-new-zero-tariff-policy-on-drugs-and-medical-devices-in-boao-lecheng-pilot-zone\/\" target=\"_blank\" rel=\"noreferrer noopener\">China Briefing<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">Hainan\u2019s zero-tariff policy for medicines and medical devices in the Boao Lecheng Pilot Zone exempts import duties and value-added tax to enhance medical tourism and technological innovation. This policy lowers costs for qualified entities, stimulates sector growth, and supports Hainan\u2019s goal of becoming a global healthcare hub. <\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>China Allows Wholly Foreign-Owned Hospitals in Major Cities<\/strong><\/h4>\n\n<p><em>Nov, 2024 &#8211; <a href=\"https:\/\/english.news.cn\/20241130\/fae318b29b4d4d6ca8af424934d097e4\/c.html\" target=\"_blank\" rel=\"noreferrer noopener\">Xinhua<\/a><\/em><\/p>\n\n<p class=\"has-text-align-left\">China has unveiled a plan to allow the establishment of wholly foreign-owned hospitals in some major cities, in a move to further open up its medical sector.<\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>China fully opens manufacturing sector to foreign investors in landmark opening up move<\/strong>  <\/h4>\n\n<p><em>Nov, 2024 &#8211; <a href=\"https:\/\/english.www.gov.cn\/news\/202411\/01\/content_WS67246ca0c6d0868f4e8ec837.html\" target=\"_blank\" rel=\"noreferrer noopener\">CN Gov<\/a>  <\/em>          <\/p>\n\n<p class=\"has-text-align-left\">China has removed all market access restrictions for foreign investors in the manufacturing sector. The items on the latest negative list, which specifies fields that are off-limits to foreign investors, have been further slashed to 29. <\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\"><strong>Creating more changes for foreign investors <\/strong><\/h4>\n\n<p><em>Dec, 2024 &#8211; <a href=\"https:\/\/www.chinadaily.com.cn\/a\/202412\/23\/WS6768c6caa310f1265a1d45fe.html\" target=\"_blank\" rel=\"noreferrer noopener\">China Daily <\/a>  <\/em><\/p>\n\n<p class=\"has-text-align-left\">China is implementing new regulations to enhance the business environment for foreign investors. The Ministry of Finance has introduced standards for domestic products in government procurement, ensuring that foreign enterprises receive equal opportunities. These standards define &#8220;domestic products&#8221; and provide a 20% preference for them in procurement processes. Additionally, China has eased restrictions on foreign investment in sectors like telecommunications and healthcare, allowing greater foreign participation. These measures aim to create a more level playing field and attract increased foreign investment.    <\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h3 class=\"wp-block-heading\"><strong>China: Strategic Importance for Global Growth<\/strong> <\/h3>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n<h4 class=\"wp-block-heading\">Pet healthcare booms in China as furry friends outnumber infants and toddlers<\/h4>\n\n<p><em>Dec, 2024 &#8211; <a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3296181\/pet-healthcare-booms-china-furry-friends-outnumber-infants-and-toddlers\" target=\"_blank\" rel=\"noreferrer noopener\">South China Morning Post <\/a> <\/em><\/p>\n\n<p class=\"has-text-align-left\">Pet economy offers better career prospects as clinics and hospitals open across country<\/p>\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\"><\/div>\n<\/div>\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The policy and business landscape in China is constantly evolving, creating new opportunities and avenues. However, navigating the complexities of these news and separating the signal from the noise can be challenging, with risks of following the wrong trends or missing relevant updates. At MRL Advisors, our dedicated teams on the ground in China stay [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12358,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[183,186,194,210,219,238,239],"tags":[305,276,320,325],"class_list":["post-12356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china-en","category-consumer-en","category-health-en","category-news-en","category-produkt-m-and-a-en","category-strategy-en","category-tech-en","tag-clinics","tag-direct-investment","tag-negative-list","tag-roche-en"],"_links":{"self":[{"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/posts\/12356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/comments?post=12356"}],"version-history":[{"count":1,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/posts\/12356\/revisions"}],"predecessor-version":[{"id":12359,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/posts\/12356\/revisions\/12359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/media\/12358"}],"wp:attachment":[{"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/media?parent=12356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/categories?post=12356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mrl-munich.com\/en\/wp-json\/wp\/v2\/tags?post=12356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}