The document discusses issues with China's healthcare system, environment, and real estate market. It notes that China achieved near universal healthcare coverage in 2015 but the system suffers from poor quality, high costs, and inefficient insurance for migrant workers. It also experienced increasing environmental degradation as the top carbon emitter and problems with an overheated real estate bubble that led to a 25% market fall in 2014.
The document discusses issues with China's healthcare system, environment, and real estate market. It notes that China achieved near universal healthcare coverage in 2015 but the system suffers from poor quality, high costs, and inefficient insurance for migrant workers. It also experienced increasing environmental degradation as the top carbon emitter and problems with an overheated real estate bubble that led to a 25% market fall in 2014.
The document discusses issues with China's healthcare system, environment, and real estate market. It notes that China achieved near universal healthcare coverage in 2015 but the system suffers from poor quality, high costs, and inefficient insurance for migrant workers. It also experienced increasing environmental degradation as the top carbon emitter and problems with an overheated real estate bubble that led to a 25% market fall in 2014.
• Poor quality & higher costs • Inefficient access of health Insurance for migrant workers
Doctors were underpaid
Income through sale of prescription
Accounted for 40% of Total
healthcare spending in 2011
Drugs sold to increase profit- use of
expensive drugs
Frustration with high cost &
corruption resulted in violence 1 INCREASING ENVIORNMENTAL DEGRADATION • Top Contributor of Carbon Emission • Scarcity of natural resources, abundant coal • Word top producer of coal resulted in largest contributor of carbon emission • 2014: 10.5 bn tonnes (30% of world’s total emission) • Wide Chemical spills & wastage by industries • Issues with overcapacity led to closure of 1000 coal mines in 2016 – unemployment for 1.8 million workers
2 REAL ESTATE
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• Rising housing & Land prices from 2005-13
• Overcapacity: Floor space per capita higher than avg • Property market fell by 25% in 2014 • Soaring price of houses between 2003-13 (higher than GDP growth) • 2016: 90% of Chinese families at least partially owned properties, and 21% had more than one