China's Medical Boom

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Sino-U.S. joint ventures are just a modest beginning to repair China's ailing health-care system, according to Pasqualine Wolfermann, emergency-response director for MEDEX Global Group Inc., a travel-assistance and medical-insurance company based in Baltimore. "For the extent of the population and the number of business travelers now in the area, there's really not enough," she says. MEDEX still transports its most seriously ill clients to Hong Kong. "In terms of medical care, China is one of the most challenging countries," she says. But it's also ripe with opportunity for businesses with a cure.