China News  
SINO DAILY
China's ageing elite live golden years in style
By Eva XIAO
Beijing (AFP) Jan 22, 2019

At a gated community for Chinese senior citizens, retired military personnel, film-makers and top university professors settle into a new routine: ballet lessons, weightlifting and catered dining.

As China's population ages rapidly and the one-child policy left parents with only a single child to help them in their old age, the upper crust of Chinese society are spending the last years of their lives in luxury.

A grand piano backlit by floor-to-ceiling windows stands in the Yanyuan community's clubhouse living room. Brightly coloured artworks commissioned from Israeli artist David Gerstein adorn public spaces.

"This is our home now," said Li Ying, a 71-year-old resident who spent more than 30 years in the military. "Special circumstances notwithstanding, we are prepared to live here until the end."

Though high-end institutions like Yanyuan, which boasts an on-site hospital and on-call staff, are still few in China, they are part of a growing industry as the country races to develop enough elderly care support for its exploding population of senior citizens.

By 2050, one in three people in China, or 487 million people, will be over the age of 60 -- more than the population of the United States -- according to the official Xinhua news agency.

In the past, parents could count on their children for care in their twilight years under Chinese traditions of filial piety.

- Ageing crisis -

But as China reckons with its one-child policy, which was aimed at curbing population growth, Chinese couples are now burdened with raising their own children while supporting both sets of parents -- without the help of siblings.

"The idea that children should take care of their ageing parents is an old logic spanning thousands of years," explained Li. "As society develops, this is changing."

To tackle the country's looming ageing crisis, the Chinese government is trialing a number of policies, including preferential tax policies for elderly care service providers.

The push to grow China's elderly care capacity has encouraged more private companies, from real estate developers to insurance firms, to seize on business opportunities in the industry, such as nursing homes where residents enjoy five-star accommodations and professional medical support.

At Yanyuan, which is run by insurance giant Taikang, residents can either buy into the company's two million yuan ($290,000) pension plan or make a down payment of one to two million yuan ($145,000 to $290,000) on top of monthly living expenses of at least 6,000 yuan ($870), not including the food budget.

Publicly-run nursing homes, on the other hand, can cost less than $1,000 a month or offer subsidies to residents but are often viewed as a last resort for China's more destitute senior citizens.

"Whether or not China's elderly care industry can satisfy the needs of (China's) rapidly ageing populace depends on who is paying for it," says Chen Youhua, a professor at Nanjing University who has studied China's elderly care industry.

If it's paid for privately, there could be an overabundance of facilities and beds, but "if it's the government or society who pays... then the current elderly care services industry cannot satisfy such needs", he added.

- Not alone -

Some industry experts are wary that private firms will focus on providing lavish retirement villages for long-term residency, rather than creating last-mile nursing homes for those who cannot take care of themselves

Vivian Lou, an associate professor at the University of Hong Kong, who studies long-term care suggested healthy 60-year olds could enter such villages for seniors, and remain there for 20 years, during which time no one else could take their spot.

"This then becomes a housing solution," she explained.

Still, for residents at Yanyuan, socialising with peers -- and simply not being alone -- is one of the greatest benefits of staying in the retirement community.

In the past, the entire family lived together, "joyous and harmonious," said Ge Ming, who heads operations at Yanyuan. "But over the course of urbanisation, the (family) structure has changed".

Young workers from all over China migrate from rural areas in search of higher wages and work opportunities -- they are no longer home to care for their parents or grandparents.

For China's ageing elite, many of whom already live in the major cities, their children may be living overseas or simply too busy building their own high-powered careers to look after relatives.

"I can't rely on them," said Zhu Mingyi, an 82-year-old retired professor, who used to teach languages.

His daughter lives in Beijing working for an international broadcaster, while his son is in Japan.

He added: "They have their own careers and family. They don't have the time, money, or energy to take care of you."


Related Links
China News from SinoDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


SINO DAILY
Above the concrete canopy: Hong Kong from the sky
Hong Kong (AFP) Jan 21, 2019
A giant container ship sailing under a suspension bridge; Chinese cemeteries as densely packed as the housing blocks their occupants once lived in; lush rows of paddy fields - aerial shots offer a whole new perspective on Hong Kong. Internationally it may be best known as a high-octane finance hub filled with skyscrapers, but there is much more to the city - from bustling ports and picture perfect beaches to rolling hills and verdant forests. AFP photographer Dale de la Rey spent three months ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

SINO DAILY
China to deepen lunar exploration: space expert

China launches Zhongxing-2D satellite

China welcomes world's scientists to collaborate in lunar exploration

In space, the US sees a rival in China

SINO DAILY
Davos assembly faces Brazilian populism and Brexit

China's top trade negotiator to visit US

Minus US govt, Davos faces Brazilian populism and Brexit

Is EU competition law outdated in the age of China

SINO DAILY
SINO DAILY
Report raises fresh doubts over Trump's NATO commitment

U.S., Japan participate in joint deployment in East China Sea

China, Canada diplomatic row escalates with death sentence

'Hostage politics': Death sentence heightens China, Canada tensions

SINO DAILY
Japan's Hitachi freezes British nuclear project

Framatome receives $49 million grant to accelerate enhanced accident tolerant fuel development

Why does nuclear fission produce pear-shaped nuclei?

Framatome develops mobile technology for non-destructive analysis of radioactive waste containers

SINO DAILY
Huawei founder denies spying for China in rare interview

US in criminal probe of China's Huawei: report

Calls for Huawei boycott get mixed response in Europe

Poland 'must pay' for Huawei arrest: Chinese state-run daily

SINO DAILY
Japan's Hitachi freezes British nuclear project

Framatome receives $49 million grant to accelerate enhanced accident tolerant fuel development

Why does nuclear fission produce pear-shaped nuclei?

Framatome develops mobile technology for non-destructive analysis of radioactive waste containers

SINO DAILY
Lidar lights up wind opportunities for Tilt in Australia

US Wind Inc. agrees to sell its New Jersey offshore lease to EDF Renewables North America

Wind to lead U.S. electric capacity additions at power plants in 2019

Upwind wind plants can reduce flow to downwind neighbors









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.