China increases budget for rural healthcare spending

Canada Newswire, August 1, 2012 Toronto - China Health Labs & Diagnostics Ltd. ("China Health" or the "Company") is well positioned for growth as China's central government continues to increase its investment and annual budget for healthcare with an emphasis on moving towards universal healthcare and improving rural healthcare. In 2010, a total of 1,998 billion yuan ($320 billion dollars) was spent on healthcare in China. In 2011, it is estimated that China spent 2,250 billion yuan ($360 billion dollars) on healthcare, being healthcare expenditure per capita of 1,643 yuan ($263 dollars). ... China