ChinaUS EUROPEASIA 中文双语Français

China to fully open elderly care market by 2020

Xinhua | Updated: 2016-12-23 12:55
BEIJING - China will fully open its elderly care market by 2020, according to a General Office of the State Council statement Friday.

The move will substantially increase the supply of products and services in the market, standardize regulations and raise service quality, the statement said.

Foreign investment in the sector will be facilitated and administrative approval procedures simplified, it said.

China's aging society is a major social issue. There are currently more than 220 million people over 60 years old in the country, 16.1 percent of the population, with numbers growing.

A total of 15.3 percent of senior citizens believe they need to be taken care of, more than double the number in 2000, putting significant pressure on the government.
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349