• Karakters_1_samenwerking

    Samenwerking | 合作

  • Karakters_6_ontwikkeling

    Ontwikkelingen | 发展

  • Karakters_5_samenwerking

    Samenwerking | 合作

  • Karakters3_uitwisseling

    Uitwisseling | 交流

  • Karakters2_werelden verbinden

    Werelden verbinden | 国际接轨

  • Karakters_4_kennis

    Kennis | 知识

In 2012, the section of China’s population aged 60 and above was 194 million. By 2025, this group is expected to reach 300 million. In response to growing urbanisation and demographic changes, the question of providing adequate senior care is posing a serious challenge to this populous country. In recent years, the Chinese government has introduced a number of reforms designed to address the shortage of healthcare facilities. Starting in 2013, the Chinese government issued a series of policies and regulations aimed at encouraging private and foreign investment to invest in the sector. The most recent announcement, on 24 November 2014, saw the Ministry of Commerce (MOFCOM) and the Ministry of Civil Affairs (MCA) jointly issue the ‘Circular on Various Issues on Foreign Investment in For-profit Senior Care Facilities’ (the Circular) which provided detailed guidelines for foreign investment in senior care business in China.

There are opportunities and advantages for first movers in this newly opened and nascent industry. However, it is advisable that foreign healthcare and financial investors conduct sufficient due diligence before rushing to invest in the market.

On the face of it, the senior care market in China is vast, with plenty of opportunities. However, it should be noted that cultural factors have an impact on the perceived size of the country’s senior care market. Deeply influenced by the Confucian concept of filial piety, most Chinese seniors prefer to be cared for by their families at home rather than live in separate senior care facilities. The Chinese government has made provisions for this in their senior care planning. By 2015, it targets for 90 percent of seniors to be cared for at home, 7 percent to be cared for in the community, and the remaining 3 percent to be cared for at external institutions.

In terms of allocation at external institutions, the government gives priority to seniors who are in serious financial, medical or physical need over those who are . . . . . read more

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