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News from Asia

Regional News from Stanford University - Asia

News Item Chinese clinicians use inpatient visits to compensate for drug revenue loss

For decades, many doctors in rural China boosted their incomes by both recommending and selling drugs, often at steep markups. With mounting evidence of overprescription, in 2009 the Chinese national government largely banned markups, undermining doctors’ financial incentive to over-provide them.

News Item Groundbreaking Stanford economist Masahiko Aoki dies at 77

Stanford economist Masahiko Aoki was a pioneer and leader in the scholarly understanding of the organizational forms involved in economic life. He also was renowned for innovative research on the economies of Japan and other East Asian nations.