SHANGHAI: Investors have rushed to exit bets on China's health sector this week, acting on a hunch that the regulatory scrutiny that sparked panic selling in the tech and education sectors might next hit the medical industry.
Medical expenses are one of three key areas of living costs seen as Beijing's targets for social change, heightening expectations that authorities will make healthcare their next focus of market reform.
"Real estate, education, and healthcare are the three big mountains and the government inevitably has to tackle the issues," said Ming Liao, founding partner of Beijing-based private equity firm Prospect Avenue Capital.
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