<Table> <Tr> <Td> </Td> <Td> Parts of this article (those related to programs of health interventions that have been completed) need to be updated . Please update this article to reflect recent events or newly available information . (September 2017) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> Parts of this article (those related to programs of health interventions that have been completed) need to be updated . Please update this article to reflect recent events or newly available information . (September 2017) </Td> </Tr> <P> Healthcare in China consists of both public and private medical institutions and insurance programs . About 95% of the population has at least basic health insurance coverage . Despite this, public health insurance generally only covers about half of medical costs, with the proportion lower for serious or chronic illnesses . Under the "Healthy China 2020" initiative, China is currently undertaking an effort to cut healthcare costs, and the government requires that insurance will cover 70% of costs by 2017 . The Chinese government is working on providing affordable basic healthcare to all residents by 2020 . China has also become a major market for health - related multinational companies . Companies such as AstraZeneca, GlaxoSmithKline, Eli Lilly, and Merck entered the Chinese market and have experienced explosive growth . China has also become a growing hub for health care research and development . </P> <P> The above applies to Mainland China . Special Administrative Regions of Hong Kong and Macau maintain their own separate universal healthcare systems . </P>

What type of healthcare system does china have