China Aged Care

Topics: Old age, Insurance, Real estate Pages: 2 (791 words) Published: June 7, 2015
China Aged Care Status, Opportunities, Market Forecasts, 2014-2017 "The Report China Aged Care Industry Report, 2014-2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. MarketResearchReports.biz" Description

According to the UN standard (the elderly people aged over 60 accounting for 10% of total population or the elderly people over age 65 occupying 7% of total population in one region), China entered the aging society early in 1999. By the end of 2014, China’s population aged over 60 reached 212 million, making up 15.3% of total population, and the people aged 65 and above hit 138.1 million, or 10.1% of total population.

View Full Report at: http://www.marketresearchreports.biz/analysis/278198 To deal with rapidly aging population, the Chinese government incorporated the issue of aging into the National 12th Five-Year Plan, and has introduced a number of favorable policies and laws & regulations from 2012, including the Opinion on Comprehensively Pushing Forward the Homebased Care Services, the Opinions on Accelerating the Development of Social Services for the Aged, the Guidance on Land for Old-age Service Facilities, and The Executive Opinion on Encouraging Private Capital to Participate in Old-age Service Industry Development. By the end of 2014, the number of urban residents participating in the basic endowment insurance amounted to 341.15 million, a year-on-year addition of 18.97 million; elderly service institutions totaled 38,000, with 5.514 million beds, or 26.01 beds for per thousand elderly people. The Chinese aged care market is now worth about RMB4 trillion, and is expected to surge to RMB13 trillion by 2030. Propelled by the huge potential of the industry and multiple positive policies, local real estate developers, insurance companies, and diversified companies have expanded into endowment real estate, medical care, and pension finance fields, especially the endowment real...
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