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CANBERRA off white nike epic react for sale , Jan. 30 (Xinhua) -- Chinese investment in Australia's healthcare system has soared past 5.5 billion Australian dollars (4.4 billion U.S. dollars), a report has found.
The report, released by global professional service company KPMG on Tuesday, revealed that China's total investment in the sector has occurred since 2015.
It found that investments had been concentrated in health supplement and medical treatment sectors with no significant investment in aged care, biotechnology or pharmaceuticals to date.
According to the report off white air max 98 for sale , 2.06 billion U.S. dollars was invested in 2015 followed by 1.09 billion in 2016 and 1.27 billion in 2017 across 16 deals.
The 1.2 billion U.S. dollars acquisition of Swisse Wellness by Biostime across 2015 and 2016 was the largest single investment followed by Luye Medicel Group's 750 million U.S. dollars acquisition of hospital operator Healthe Care.
Doug Ferguson, head of Asia and International Markets at KPMG and co-author of the report, said that Chinese companies were seeking the "complete Australian package."
"Chinese investors have really shifted their investment interests to Australia's hi-tech, high quality health products and services sector in the last three years," Ferguson told Xinhua on Tuesday.
"Rather than general health services off white air max 270 for sale , many Chinese companies seek to invest in specialist services, such as oncology, radiology, ophthalmology, in vitro fertilisation (IVF) off white nike zoom fly for sale , and aged care.
"These services are replicable in the Chinese market and customised to fit the specific needs of China's middle-to-high end consumer markets. Australian healthcare brands have an initial advantage in China due to their reputation for high quality products with consumers."
He said that despite a slight drop-off in investment between 2015 and 2016 there was still plenty of room for investment growth in the sector.
"China's healthcare spending is expected to grow by 8.1 percent annually over the next five years, representing a big opportunity for Australia's health sector," Ferguson said.
"The report predicts that investment will broaden across all sectors in the short-to-medium term. The patterns that have emerged in Chinese healthcare investment so far will likely strengthen in the coming years as healthcare assets become a key component of many Chinese investors' portfolios."
BEIJING, Jan. 30 (Xinhua) -- Chinese Foreign Minister Wang Yi Tuesday outlined China's diplomacy in 2018 at the New Year Reception.
Chinese Foreign Minister Wang Yi addresses a new year reception held by the Chinese Ministry of Foreign Affairs for foreign diplomats to China and representatives of international organizations in Beijing, capital of China off white air vapormax for sale , Jan. 30, 2018. Chinese State Councilor Yang Jiechi attended the reception, together with more than 400 participants from foreign diplomatic missions to China and various Chinese departments. (XinhuaZhang Ling)
Addressing foreign diplomats to China, Wang said China would further promote the Belt and Road construction in the new year, and implement the consensus reached at the first Belt and Road Forum for International Cooperation off white air jordan 1 for sale , held in Beijing in May 2017.
China will make good preparations for hosting a series of diplomatic events such as the annual meeting of the Boao Forum for Asia, the Shanghai Cooperation Organization summit and the summit of Forum on China-Africa Cooperation, he said.
"China will deepen its global partnership network in 2018, and is committed to building a major-country framework featuring stability and balanced development," Wang said.
He said the country would also cement friendship and cooperation with neighboring countries and cooperation with vast developing countries.
"China will continue to play a constructive role in resolving regional hotspot issues off white nike presto for sale , and promote settling disputes and conflicts through dialogues and consultation," he added.
Chinese State Councilor Yang Jiechi attended the reception, together with more than 400 participants from foreign diplomatic missions to China and various Chinese departments.
Guizhou and Shanxi are the top ranking provinces in terms of mobile payments through Alipay, with 92 percent of payments conducted through users' smartphones, according to the latest figures from Alipay.
Residents in central and western provinces generally adopt mobile payments faster than anywhere else in the country off white air max 97 for sale , with the nationwide mobile payment proportion at 82 percent, Alipay said today.
There are a total of 11 provinces and autonomous regions where mobile payments contribute to over 90 percent of total spending through Alipay, include Xinjiang Autonomous Region, Hainan Province, Inner Mongolia Autonomous Region off white nike blazer mid for sale , Qinghai Province, and Tibet Autonomous Region.
Mobile payments made up 71 percent of the overall number of payments in 2016, and a growing number of consumers no longer find it necessary to bring along their wallets whenever they're dining or shopping.
The mobile payment platform is increasingly popular when paying for public transportation, too.
Xi’an became the latest Chinese city whose subway system accepts Alipay, starting on January 1 off white air force 1 for sale , following Shanghai and Hangzhou Metros who have started to allow a simple smartphone swipe to enter and exit subway stations.
Overseas expansion also picked up in the past year. Alipay is now connected with tens of thousands of merchants in 36 overseas countries and regions. The total number of payments in these regions increased three times from a year ago.
Apart from connecting with both online and offline micro and mini merchants, Alipay has also been pushing forward environmental protection strategies that are closely linked with its payment business.
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