Like many countries in North America, Europe, and Asia, China is facing the problem of an aging population. In 2017, 240 million Chinese were over the age of 60 – about 17% of the population. And this number is expected to grow, reaching about 35% of the population by 2050. As Chinese society ages, medical problems, particularly chronic diseases, abound. But, amid a growing demand for senior care services, the existing system to support China’s elderly is insufficient. The Chinese government has taken active measures to tackle this problem. Since the previous decade, there has been a “double movement” in state response to social problems in China. After three decades of fast-paced economic reforms, the government has withdrawn from a policy of retrenchment in welfare, committing substantive resources to provide subsidies to poor and rural populations, including seniors. But, simultaneously, it has also altered existing regulations to allow for the operation of private actors in the delivery of services to China’s more affluent urban residents, especially senior care and health-care services. The combination of increasing demand for high-quality care and the Chinese government’s policies to invigorate private delivery of senior care services, including by foreign companies, creates . . . . . read more here.
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