Could medical care help cure China’s services trade deficit?

Chinese demand for overseas schooling, holidays and medical treatment has contributed to a persistent deficit in the country’s services trade, but signs of a tentative counter-current are emerging as a growing stream of foreign patients heads to China. The change – modest in scale but symbolically significant – comes as China, long the world’s manufacturing powerhouse, seeks to build strength in exporting high-value services. While patients in the United States or Europe may wait months to...

By Luna Sun