CHINA TOPIX

11/22/2024 11:54:50 am

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China Entices Investors Related in Elderly Services


Alarmed by the growing number of elders being separated from their one and only son/daughter, the Chinese government seems to have a solution to their bloating number of unattended elders.

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Premier Li Keqiang released a state council statement, dated August 16, 2013, affirming the simplification of the business application flow and cutting-off unspecified percentage of administrative fees for investors in the adult care industry. China hopes to manage its elderly population swell-up through this.

Foreign investors are very welcome to take advantage of China's biggest step to cut down business operating fees for elderly related investments, most especially on facilities and care services.

Difficulty in entering China is going to be minimized also, in order to provide enough manpower for nursing and health care service.

The Chinese government is also very determined to connect each family member together, up to the point of formulating a law, allowing elders to sue their son/daughter for failure of conducting visits over a specified period of time. This elderly care law also promises to amend itself from time to time in order to adapt to the long term need for healthcare services and senior citizens benefits within China.

Statistics shows that China will soon hit the 200 Million headcount for its elders above the age of 60.

China is now planning to increase its bedding/housing facility for unattended elders by 50% or 30 ready beds for every 1,000 seniors by the year 2015, from the current count of just 20 beds for every 1,000 unattended seniors.

This vast increase in the rate of unattended elders in China is due to its long term run of its strict one-child policy. Additional aspect for this increase of unattended seniors is the migration of young professionals from rural to urban areas, leaving their elders behind.

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