China’s private sector struggling with ‘common prosperity’, Covid-19 and financing; SOEs thrive

Mar 1, 2022 | INVESTING

In January 2022, Xian, a city in northern China, was 22 days into a lockdown due to a Covid-19 outbreak, when two private hospitals were ordered by local authorities to suspend operations for three months.They were being punished for rejecting patients, citing Covid-19 control measures based on government orders, which led to the death of an unborn baby and a man from a heart attack. As soon as the decision was made public, the stock price of International Medical – the listed company behind…

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