New cancer case diagnosed every six minutes in China

New cancer case diagnosed every six minutes in China

Staff Reporter, 2013-04-09

China’s cancer rate has climbed to alarming new heights, with at least one person being diagnosed with a form of cancer every six minutes, according to the country’s National Cancer Registration Center. There are 3.12 million new cancer cases reported in China annually, an average of 8,550 people per day, according to a report published by the center earlier this year. At present, one in eight people diagnosed with cancer will die from it, a mortality rate of about 13%. Chen Wanqing, deputy director of the center, said China will have 6 million new cancer patients and 3 million cancer-related deaths every year by 2020. Experts note that cancer incidence will only continue to rise over the next decade, and have attributed the trend to the country’s serious air and water pollution.

Wei Kuangrong, director of the Cancer Research Institute at Zhongshan People’s Hospital in Guangdong province, said that 8.34 people were diagnosed and 5.27 people died from cancer in Zhongshan every day in 2009. In the 1970s, the rate for both was only 0.78. Wei said that nasopharyngeal carcinoma, a form of cancer that originates in the upper region behind the nose, has become extremely prevalent in the city. Other areas across the country have also reported high incidences of specific forms of cancer. The city of Qidong in Jiangsu province has reported unusually high rates of liver cancer. Experts have speculated that the geographical distribution of cancer across the country may be linked to local eating customs, environmental conditions or other factors, though no theory is regarded as conclusive. Wang Ning, the deputy director of the Beijing Cancer Institute and Hospital, predicts that China’s cancer rate will not drop over the next 10 years and the nation will be lucky if the rate remains steady.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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