China's so-called ‘reform and opening up’ policy (Gai Ge Kai Fang), implemented nearly 30 years ago, has led to tremendous economic development. China's nominal Gross Domestic Product (GDP) was 3.25 trillion US dollars in 2007, making it the fourth largest economy in the world. At the same...

Information asymmetries favouring the supplier in the production of good health have long been acknowledged as an anomaly in medical markets creating the potential for inefficiency. Such asymmetries may undermine the physician/patient relationship. And given these asymmetries, patient trust may...