ByteDance, the parent company of TikTok and Douyin, will end the Lunar New Year tradition of giving red packets to employees from 2026, but will expand medical insurance for staff, according to an internal letter sent to employees on Friday and seen by the South China Morning Post. The change is meant to sort out … Read more
China’s healthcare regulator has pledged to investigate the quality of drugs under a new list covered by national insurance, after lawmakers in Shanghai warned that they might be substandard. In a statement on its website on Monday, the National Healthcare Security Administration said it would send a team to Shanghai to seek suggestions, as well … Read more
More than 350 prominent figures in China’s healthcare industry were punished in last year’s anti-corruption campaign as Beijing doubled down on its sweeping crackdown. According to a report from the National Supervisory Commission (NSC), China’s top anti-corruption watchdog, Beijing has worked to “thoroughly investigate” cases in which healthcare professionals exploit medical services and misuse insurance … Read more
Pharmaceutical giant AstraZeneca, whose China president is under investigation, was previously investigated for medical insurance fraud cases involving cancer medication sales, according to new Chinese media reports. The news comes after the British-Swedish company announced on its official website last week that its China chief Leon Wang was cooperating “with an ongoing investigation”, and its … Read more
 "Irony of fentanyl sparking a US-China tariff war – Firstpost")
