China's aging population fuels 'silver economy' boom, but profits can prove elusive

Beijing News

China's aging population fuels 'silver economy' boom, but profits can prove elusive
SeniorsNursing HomesGeneral News
  • 📰 AP
  • ⏱ Reading Time:
  • 76 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 65%
  • Publisher: 51%

Many older Chinese are looking beyond traditional care homes, worried about abandonment and quality issues. Their strong preference to age at home is driving a boom in universities, home care services and communities catering to older adults.

Cai Guixia, 60, second from right, learns African drumming from an instructor at the University for the Elderly in Beijing , Oct. 23, 2024. An elderly woman stands at the entrance to the University for the Elderly in Beijing , Oct. 23, 2024. Residents work out in the exercise room at Yan Garden, a high-end senior-focused community that opened in 2015 by insurance company Taikang Insurance Group in Beijing , Nov. 5, 2024.

Du Peng, dean of the school of population and health at Beijing’s Renmin University, said the government is expanding basic care services to all older people who need them, moving beyond its traditional focus on those without family support. Last year, officials compiled a list of basic care services they aim to make available nationwide, including providing ability assessments for those over 65 and care training subsidies for family members of those who are disabled.

Cai Guixia, 60, said she has found fulfillment in African drumming and modeling classes. She thinks she would feel “forsaken” in a conventional nursing home, preferring to hire a domestic helper.She invested more than 800,000 yuan to open a school in Beijing. Cai and Zhang are among its 150 students attending classes in dance, singing, yoga and modeling training for about 1,000 yuan per course each semester. Outside the classroom, her team organizes gatherings where students can socialize.

And there’s Cui Yang, who runs a care station in Beijing, sending helpers zigzagging across the district to provide 30 yuan haircuts at home; accompanying people on hospital visits for 50 yuan per hour and other services. Even with government subsidies including free rent, Cui is losing money. Without the subsidies, the business would fail, she said.

Some vacant schools and kindergartens -- casualties of the country’s declining birthrate -- are meanwhile being transformed into care facilities for older people.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

AP /  🏆 728. in US

Seniors Nursing Homes General News World News Lifestyle China Government Health Business World News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As China cracks down on bookstores at home, Chinese-language booksellers are flourishing overseasAs China cracks down on bookstores at home, Chinese-language booksellers are flourishing overseasWASHINGTON (AP) — Yu Miao smiles as he stands among the 10,000 books crowded on rows of bamboo shelves in his newly reopened bookstore. It’s in
Read more »

Satellites Capture Chinese Aircraft Carrier in South China SeaSatellites Capture Chinese Aircraft Carrier in South China SeaThe deployment of CNS Shandong came amid rising tensions between China and the Philippines in the South China Sea.
Read more »

China files complaint at World Trade Organization over EU tariffs on Chinese electric vehiclesChina files complaint at World Trade Organization over EU tariffs on Chinese electric vehiclesChina has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles.
Read more »

China files complaint at World Trade Organization over EU tariffs on Chinese electric vehiclesChina files complaint at World Trade Organization over EU tariffs on Chinese electric vehiclesChina has moved forward with a complaint at the World Trade Organization that alleges the European Union has improperly set anti-subsidy tariffs on new Chinese-made electric vehicles. The Chinese diplomatic mission to the WTO said Monday it “strongly opposes” the measures.
Read more »

China willing to be partners, friends with US, Chinese envoy saysChina willing to be partners, friends with US, Chinese envoy saysChina has no plan to surpass or replace the United States, China's ambassador to Washington said.
Read more »

US Ally Receives New Chinese Warnings About South China SeaUS Ally Receives New Chinese Warnings About South China SeaBeijing wants the Philippines to stop its military engagement with Western allies.
Read more »



Render Time: 2025-02-12 18:08:28