China encourages PPP in elder care

Updated 2017-08-19 15:31:09 Xinhua

China has said it will encourage public-private partnership (PPP) in the senior care industry.

Wider use of PPP should introduce more private investment into the elder care industry, according to a document released by the Ministry of Finance, the Ministry of Civil Affairs and the Ministry of Human Resources and Social Security.

With this move, elder care services should expand and become more efficient and jobs will be created, the document said.

China had more than 230 million people aged 60 or above at the end of 2016, 16.7 percent of the total population, according to the Ministry of Civil Affairs. The country's elderly will account for about one-quarter of the population by 2030.

However, there were only 31.6 beds in care homes for every 1,000 senior citizens at the end of 2016, according to the ministry.

The government will also encourage the management of public elder care facilities and community elder care services by private operators, the policy document said, with elder care integrated with fitness, medical care, education and recreational services.

Authorities should increase spending, while financial institutions should support PPP projects, according to the document.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 17 2017 16:11:35

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 17 2017 16:11:35

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 17 2017 16:11:35

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords