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Home World Asia Pacific

Chinese Hospital Bankruptcies Soar Amid Financial Strains

20 February 2025
in Asia Pacific
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Chinese Hospital Bankruptcies Soar Amid Financial Strains
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Huiren Hospital in Suqian, China faced financial failure due to unpaid wages, leading to closure in September. The pandemic exacerbated financial struggles for hospitals across China, causing decreased revenue and increased expenses. The country’s aging population and economic challenges have resulted in a surge of hospital bankruptcies, with over 200 hospitals declaring bankruptcy in the past five years.

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