Chaoyang Qu, Beijing Shi, China
100096
China’s senior population — those aged 60 and above — is expected to reach 255 million by 2020, according to a State Council plan. By 2020, senior citizens will account for 17.8 percent of the total population, and the number of people aged 80 or older will reach 29 million, said the plan on the development of the elderly during the 13th Five-Year Plan (2016-2020) period. The senior care industry has developed quickly over the last five years but remains woefully inadequate to cope with the projected increase in the elderly population in China. Elderly care service facilities will be built in new communities and updated in old ones. More innovative elderly care service mode will be explored, including those that involve cooperation with the health care, insurance, education and tourism industry. Non-government actors and foreign investors will be encouraged to support the development of the sector
The State Council issued a plan on Oct 27, 2016 to promote the development of the rehabilitation and assistive products industry, aimed at meeting the growing demand of rehabilitation services in China and strengthening its competitiveness. The cabinet made the goal that the output of the industry will surpass 700 billion yuan ($103.3 billion), a number of world-class Chinese brands and related industrial clusters will emerge and its share in high-end market will see a significant increase by 2020, according to the document. The plan put forward four major tasks, concerning innovation capability, industry upgrade, effective market supply and a favorable market environment, to enhance industry development. Corporations in the industry are also encouraged to carry out international cooperation in trade, technology, and investment and production capability
As the part of “Health China” plan, Aging Care Industry has been included in national strategy. China’s 13th Five-Year Plan attaches great importance to Aging Care Industry, and it shows that: on the basis of household service, China’s aging care industry will establish a multi-layer aging service system that is supported by the communities, and supplemented by institution, to integrate medical industry and aging care industry together.It is forecasted that, the aged people in China will top 400 million, and it will consume 11.5 trillion RMB yearly, account for 13.5% of GDP roughly.
Boasting the key metropolitan and core city within Bohai Sea Ring Area, Beijing has unique strengths comparing other cities, attracting overseas enterprises to penetrate their business in Chinese aging care Industry.The country was found to have the fastest aging population among countries around east Asia and the Pacific in recent report by the world bank, which said China’s Population is growing faster than any other region in History.People aged over 65 years old account for more than 10 percent of China’s total population, compare with standard 7 percent used globally an aging society.More non –government entities will be allowed to enter the sector and private funds are encouraged to invest, including overseas investors.
