China's healthcare reform and its effects

After two decades of rapid evolution, China now enjoys the world’s largest public health system, with its statutory medical insurance covering over 95 percent of its population, and more than one million healthcare providers around the country. Since the start of China's economic reforms in the late 1970s, the country's healthcare system has witnessed multiple rounds of major adjustments, resulting in the collapse and restoration of the basic medical insurance system, accompanied by the marketization of healthcare providers.