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Analysts from Beijing-based market tracker Qimingpian wrote in a survey released in April that Chinese food and beverage companies, especially those with a larger domestic market share, have accelerated mergers and acquisitions in overseas markets. Chinese companies carried out at least 31 major overseas mergers and acquisitions between 2013 and 2018.

Analysts said that the Chinese smartphone market is expected to see a reshuffle as smartphone consumption slows down with almost all Chinese people owning at least one mobile phone.

An unnamed MLR official said the move was in line with the central authorities' comments made at the Central Economic Work Conference in December that "houses are built to be inhabited, not for speculation."

And if the clinics do take that approach, it would be an experiment on cost at a huge scale. Ryan Schmid, the CEO of Vera Whole Health, told GeekWire in a previous interview that the company’s clients are able to reduce their overall healthcare costs by 25 percent by establishing a Vera Whole Health clinic in their corporate campuses.

Analysts expect China's demand for healthcare and services for the elderly to grow significantly over the next decade. It is driven by the needs of a rapidly growing population, an aging demographic, new health challenges and government policy reforms.