Elderly Are Big Biz in China

Photo by Stuck in Customs

NY Times:

At the Happy Community housing development in Beijing, China’s largest property developer is setting aside 24,000 square meters for active seniors to test whether this rapidly aging nation will pay for Western-style retirement living.

The company, China Vanke, thinks there is “ample room for development” in the senior care sector, a spokesman said, and is testing a second pilot project for seniors in the coastal city of Qingdao in addition to the 258,000-square-foot project in Beijing. It plans to open a showroom in the Chinese capital over the Lunar New Year in February.

Overseas players, including the New York-based hedge fund Fortress Investment Group and China Senior Care, backed by one of the principals of the private U.S. developer Lerner Enterprises, are also investing in elder care and retirement facilities, betting that the demographic fallout from China’s one-child policy will soften traditional attitudes toward out-of-home care.

Photo by Stuck in Customs.

3 thoughts on “Elderly Are Big Biz in China”

  1. I’ѵe been browsing online moгe than 4 hours todaү, yet Ι never
    found any interesting article likе yours. It iѕ pretty worth enough
    for me. Personally, if all webmasters and bloggers
    made good content as you did, the internet will be much more usefսl than ever before.

  2. My partneг and I aƅsolutely love your blοg and find a lot of your post’s to Ƅe
    exactly what I’m ⅼooking for. Dо you offer guest
    writᥱгs to write content to suit your needs? I wouldn’t mind cߋmposіng a post or elaborating
    on many of the subjects yоu write concerning heгe.
    Again, ɑwesomе web log!

Leave a Comment

Your email address will not be published. Required fields are marked *