e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

SOCIETY
THIS WEEK> THIS WEEK NO. 39, 2013> SOCIETY
UPDATED: September 22, 2013 NO. 39 SEPTEMBER 26, 2013
Investment Plans
Share

The State Council, China's cabinet, encouraged private investment in care services focusing on the elderly as part of a program announced on September 13. China currently has the largest population of senior citizens in the world.

China aims to complete a social care network for its elderly by 2020, when the total number of senior citizens is expected to reach 243 million, according to the program.

Of the 44,000 retirement care institutions in China, an estimated 75 percent are sponsored by the government. Non-governmental institutions are having difficulty finding land and investment opportunities.

The new program marked breakthroughs in the areas of land allocation, tax and government subsidy policies, said Dang Junwu, Deputy Director of the China Research Center on Aging.

According to the new program, non-profit retirement care institutions sponsored by private investors will enjoy land use policies equal to their state-owned counterparts and be exempt from all administrative fees.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved