Caixin
BUSINESS & TECH

Vanke Takes Plunge in China’s Fledgling Elder-Care Market

China is seeing its population rapidly age after decades of single-child families. From 2010 to 2040, China will see the proportion of those 60 or older grow from 12% to 28%, according to the United Nations. Pictured is Vanke's 100-bed Beijing elder care center. Photo: Vanke
China is seeing its population rapidly age after decades of single-child families. From 2010 to 2040, China will see the proportion of those 60 or older grow from 12% to 28%, according to the United Nations. Pictured is Vanke's 100-bed Beijing elder care center. Photo: Vanke

A rapidly graying China is enticing companies from both home and abroad to roll out senior care facilities, including a major development unveiled in Beijing this week.

The 100-bed care center is operated jointly by a subsidiary of China Vanke Co. Ltd. — the country’s top property developer — and state-owned utility owner Beijing Enterprises Group Co. Ltd.

ladingImg
You've accessed an article available only to subscribers
Try 4 weeks for $0.99
SUBSCRIBE
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.