With China’s enormous and rapidly ageing population there is an urgent need for solutions to accommodate and care for them.
The social challenges were revealed in a recent poll by CCTV, the state broadcaster about ageing parents among their children:
- Around 33 % visited their own moms and dads only once a year
- Around 12 % stated that they had not really been home “in many years.”
- More than 16 % of grown kids contacted their moms and dads once a week
The Chinese governments response is known as the Nine-Seven-Three policy: 90 percent of aged individuals will remain in their own home; 7 percent will move to low-cost, government-sponsored care, and 3 percent will reside in expensive, private services. Clearly, opportunities exist for businesses with expertise in building and managing such facilities.
One of the more up-market options is Yanda Fantastic Age group. By about 2015, they plan to have 12,000 locations across China. They also plan an additional 3,000 bedrooms in its associated, state-of-the-art medical centre.
An article, although clearly written by someone for whom English is a second language, provides some staggering stats about the ageing phenomenon in China.