I wish my government would do real things. Not that I want the US to model itself after China. But all of our money these days goes to tax cuts for the rich or funding increases for a wannabe...
I wish my government would do real things. Not that I want the US to model itself after China. But all of our money these days goes to tax cuts for the rich or funding increases for a wannabe dictator's goons.
https://archive.is/CnV8T From the article: ... Also medical tourism: https://archive.is/h9iol Apparently this was first announced in 2018: https://en.wikipedia.org/wiki/Hainan_Free_Trade_Port
China on Thursday split off a Belgium-sized island with an economy comparable to a mid-sized country from the mainland for customs processing, part of a bid to join a major trans-Pacific trade deal and establish a new Hong Kong-style commercial hub.
Officials hope that turning the southern province of Hainan into a duty-free zone will spur foreign investment, with goods that achieve at least 30% local value add able to move on into the world's second-largest economy tariff-free. Foreign firms will also be able to operate in service sectors that are restricted on the mainland.
...
Hainan's GDP stood at $113 billion last year, official data shows, the equivalent of the world's 70th largest economy, according to World Bank Data. Even so, it is far short of Hong Kong's $407 billion economy.
"The Hainan model basically offers managed liberalisation that will be great for reintegrating supply chains, yet it lacks the legal system and financial openness Hong Kong boasts," said Xu Tianchen, senior economist at the Economist Intelligence Unit.
China’s tropical island province of Hainan is accelerating its push to become a leading medical tourism hub, aiming to attract more nationals to use local healthcare services instead of seeking treatment abroad – after South Korea announced plans to scrap tax rebates for foreigners undergoing cosmetic surgery.
The popular tourist destination in southern China plans to draw more than 1.5 million domestic medical tourists annually by 2027, up from the current level of over 400,000, according to a local government document issued on Monday.
I wish my government would do real things. Not that I want the US to model itself after China. But all of our money these days goes to tax cuts for the rich or funding increases for a wannabe dictator's goons.
https://archive.is/CnV8T
From the article:
...
Also medical tourism:
https://archive.is/h9iol
Apparently this was first announced in 2018:
https://en.wikipedia.org/wiki/Hainan_Free_Trade_Port