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Service Industry in China

In: Business Opportunities and Risks in China

Author

Listed:
  • Tracy Dathe

    (Macromedia University)

  • Volker Müller

    (European Chamber of Commerce)

  • Marc Helmold

    (IU International University of Applied Sciences)

Abstract

The chapter presents an overview on the structure and trends of service industry in China. Especially the ageing population and growing life expectancy have created a huge demand for healthcare and senior citizen care. China has a mix of public and private hospitals; so far, the number of foreign invested hospitals is very limited, serving a small high-end market. Competition from well-equipped public hospitals, price pressure, regulatory hurdles and culturally based different treatment methods have so far deterred investors from non-Asian countries. The homecare market in China is still underdeveloped; the entry threshold is much lower than for investment in hospitals and may provide promising opportunities for foreign investors.

Suggested Citation

  • Tracy Dathe & Volker Müller & Marc Helmold, 2023. "Service Industry in China," Management for Professionals, in: Business Opportunities and Risks in China, chapter 14, pages 173-183, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-031-31933-4_14
    DOI: 10.1007/978-3-031-31933-4_14
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