Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

CK Hutchison first-half profit drops 92% on one-off costs of UK Vodafone-Three merger

August 14, 2025

Aussie expands gains to two-week high after strong employment data

August 14, 2025

World’s top hedge fund Bridgewater dumps all China stocks in retreat from market

August 14, 2025
Facebook X (Twitter) Instagram
Thursday, August 14
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » China’s Hainan eyes medical tourism boom after South Korea axes cosmetic surgery tax perks
China

China’s Hainan eyes medical tourism boom after South Korea axes cosmetic surgery tax perks

adminBy adminAugust 4, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 16


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.

Hainan has also pledged to reverse the outflow of overseas medical consumption. It aims to approve two to four real-world research pilot products for domestic market entry each year and introduce at least 40 international innovative drugs and medical devices annually.

In the first quarter of 2025, institutions in Hainan’s special medical tourism zone welcomed 111,500 visitors seeking treatment, up 29.8 per cent year on year, the state-owned People’s Daily reported last month.

The use of licensed drugs and medical devices reached 16,000 people during the same period – a 44.14 per cent rise from a year earlier, according to the report.

The push came as South Korea – a top competitor in medical tourism – risks losing its appeal due to a policy change announced on July 31. The new regulation, which takes effect next year, will remove value-added tax refunds for foreign tourists using medical beauty services.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

China

Why debt-shy Chinese consumers may snub loan subsidy scheme

August 14, 2025
China

Hopes for China-US side effect as Washington boosts Pakistan counterterrorism measures

August 14, 2025
China

China’s mega dam Xiluodu stops using Western industrial chips over security concerns

August 14, 2025
China

Trump’s curbs on China’s shipbuilding edge spur South Korean investments in Asean

August 13, 2025
China

Beijing summons Japanese diplomat over ‘Taiwan and Chinese citizens’ safety’

August 13, 2025
China

Why is Taiwan’s William Lai facing ‘extraordinary’ Japanese media backlash?

August 13, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Country seeks to enhance trade with Azerbaijan: President – Business & Finance

August 14, 2025

June 2015 to June 2022: Aptma urges Ogra to defer RLNG bills’ payment – Business & Finance

August 14, 2025

Values on import of 22 types of power tools revised – Business & Finance

August 14, 2025

Effective from Aug 6th: SECP revises IPO regime – Business & Finance

August 14, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • CK Hutchison first-half profit drops 92% on one-off costs of UK Vodafone-Three merger
  • Aussie expands gains to two-week high after strong employment data
  • World’s top hedge fund Bridgewater dumps all China stocks in retreat from market
  • China’s stock market bull run is translating into a rout for bonds and ultra-long debt
  • Why debt-shy Chinese consumers may snub loan subsidy scheme

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

CK Hutchison first-half profit drops 92% on one-off costs of UK Vodafone-Three merger

August 14, 2025

Aussie expands gains to two-week high after strong employment data

August 14, 2025

World’s top hedge fund Bridgewater dumps all China stocks in retreat from market

August 14, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.