State Council to Encourage Foreign Investment in Elderly Services
(Beijing) – Thirteen years after China crossed the demographic threshold to become an aging society, the shortage of elderly services has become increasingly acute.
Authorities have recently begun to act. In August, while chairing a State Council executive meeting, Premier Li Keqiang said the government will change the current "single-handed" approach to elderly care and promote a "retirement services industry" by setting up specialized institutes and encouraging foreign investment in these services.
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