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Schermafdruk 2019 12 13 14.28.32China is growing old at an alarming rate, at an inopportune time. Projections estimate China’s elderly population will be larger than that of the United States by 2020, the surge coming at a time when family ties are weakening as urbanisation and all that it represents shifts the family dynamic. Senior care facilities are rare in China, and many that have heard of such facilities are not eager to move there. Yet, in late 2014, China’s Ministry of Civil Affairs (MCA) and Ministry of Commerce jointly announced they had opened up the for-profit senior care institution and services industry for investment, hoping that international investment will help deliver the senior care services needed before the country’s old-age dependency gets too great. “Demographic and socioeconomic changes are happening so rapidly that the traditional way of family care for the elderly in China is getting seriously strained,” says Feng Zhanlian, senior research analyst at research institute RTI International. “More than three decades of one-child family policy have made the situation even worse. So the demand is clear and running high.” One of the more attractive incentives that the government is offering is the opportunity to operate the business as a “wholly foreign-owned” enterprise. In the past, . . . . read more in The South China Morning Post

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