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House-for-pension
House-for-pension
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The State Council, China's cabinet, issued a document promising a complete social care network for people over the age of 60 by 2020 in September 2013. The house-for-pension program, a subproject of the insurance fund's investment in eldercare services drew wide criticism, with many suggesting that it shows the government is preparing to pay less attention to elder care services. Under the program, an elderly person who owns a property could deed the house to an insurance company or bank, which would determine the value of the property and the applicant's life expectancy, and pay out a fixed amount of money every month.
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  • By Zhang Yue(China Daily)2017-06-27 07:08

    Incentives and guidelines to boost elderly endowment insurance In old age, most people need something to rely on. For the Chinese, that's generally been family and a State pension. Yet the central government has shown it wants the commercial endowment insurance sector to help more with ensuring the ...

  • By Paul Surtees(chinadailyasia.com)2017-06-26 13:30

    As initiatives working toward a better and more inclusive Hong Kong are being considered by the Chief Executive-designate and her newly nominated cabinet members, they are urged to plan concrete steps to give our differently abled fellow citizens a better deal. Presently, and most regrettably, the d...

  • By Paul Surtees(China Daily)2017-06-26 07:26

    As initiatives working toward a better and more inclusive Hong Kong are being considered by the Chief Executive-designate and her newly nominated cabinet members, they are urged to plan concrete steps to give our differently abled fellow citizens a better deal. Presently, and most regrettably, the d...

  • By An Baijie(China Daily)2017-06-24 07:44

    He vows better lives are ahead for poor families President Xi Jinping has highlighted the importance of poverty reduction amid the Communist Party of China's continuous efforts to build a well-off society. Poverty alleviation ranks No 1 among the government's projects for improving people's liveliho...

  • (China Daily)2017-06-23 09:41

    CHINA'S WORKING AGE population, namely people aged between 15 and 59, reached its peak in 2010, said Cai Fang, vice-president of the Chinese Academy of Social Sciences in a recent speech. Beijing News commented on Thursday: If China's working age population peaked in 2010, it means the country's de...

  • (China Daily)2017-06-17 07:15

    Beijing Sino-US security dialogue to be held The first round of the China-US Diplomatic and Security Dialogue will be held in Washington on Wednesday, Foreign Ministry spokesman Lu Kang announced at a news conference in Beijing on Friday. The dialogue was scheduled according to the consensus reached...

  • By Rachel Cartland(China Daily)2017-06-09 06:59

    Rachel Cartland decries the loneliness that besets many elderly couples - should one succumb to a chronic illness, it is little surprise that the other sometimes snaps Loneliness is one of the modern plagues; not only does it gnaw away at the soul but it also makes physical illnesses worse than they...

  • By Fan Feifei(China Daily)2017-06-08 06:54

    A pension revolution has been rolled out to help up to 260,000 retired people in Shenzhen. Traditional fingerprint identification has been replaced by "face recognition technology". The project has been launched by Alipay, the digital payment app owned by Alibaba Holding Group Ltd's affiliate, Ant F...

  • (China Daily)2017-06-02 07:23

    Editor's Note: The State Council Information Office of the People's Republic of China published a white paper titled "Human Rights in Xinjiang-Development and Progress" on Thursday. Following is the full text of the white paper: Contents Foreword I. Political Rights II. Civil Rights III. Economic Ri...

  • By Paul Surtees2017-05-19 07:32

    Hong Kong society is aging fast. Our young couples aren't having enough children to maintain the present working population. Also, thankfully, better healthcare and other factors let our citizens live much longer lives. The few babies born here today have one of the world's longest expected life spa...

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