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Director, Equipment Development Department under the Central Military Commission

Direct settlement provides a new way to relieve financial burdens for patients, who had to pay all expenses before getting a refund, and eases the complicated reimbursement process, said Huang Huabo, in charge of the office for the leading group for direct settlement of cross-province medical reimbursement.

Dessa Goddard of Berkeley, California wrote that buyers from China "already constitute between 70-80 percent of successful buyers in US Chinese art auction house sales, prompted by the growth of spending power among collectors and of major auction houses within China".

Doctrine 'is over'

Despite the theoretical benefits, the problem with SOEs is that the lack of market pressure and competition can lead them to be bloated and inefficiently organized. So, as part of a wide variety of market-oriented reforms, China has been pushing its large SOEs to become more responsive to market realities and competition and to be more effectively organized.