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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 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...

  • By Reuters - Xinhua(China Daily)2017-05-10 11:28

    TOKYO - The International Monetary Fund called on Asian economies to learn from Japan's experience and act early to cope with rapidly aging populations, warning that parts of the region risk "getting old before becoming rich". Asia has enjoyed substantial demographic dividends in the past decades, ...

  • By Wang Yiqing(China Daily)2017-05-09 07:32

    Healthcare reform urged to be deepened The General Office of the State Council, China's Cabinet, issued a document on implementing deepening healthcare reform this year. The document suggested five tasks to promote a more efficient healthcare system. These were: establishing a hierarchical medical s...

  • (China Daily)2017-04-21 08:49

    There is no doubt that securing sufficient retirement protection is the greatest concern for Hong Kong people nowadays - aside from meeting their need for decent housing. This isn't too hard to understand, given that about 30 percent of the city's elderly population lives below the official poverty ...

  • By Satarupa Bhattacharjya In Nanning, Guangxi Zhuang Autonomous Region(China Daily)2017-04-01 07:45

    As China aims to eradicate poverty, residents of a rural pocket in the country's south breed scorpions for livelihood support Amid the green vegetation on the outskirts of a small town in the Guangxi Zhuang autonomous region, a dirt track leads to a village in a valley, molded in karst landscape. Th...

  • By Chen Mengwei(China Daily)2017-03-29 07:13

    Development plan aims to improve pension and healthcare systems China's targets for elderly care services in the nation's top development plan show how determined the government is to tackle the challenges of an aging population, according to officials. Zhu Yaoyin, deputy director of the general off...

  • By Luo Weiteng(China Daily)2017-03-15 07:55

     David Wong Yau-kar, a Hong Kong deputy to the National People's Congress and chairman of the Mandatory Provident Fund Schemes Authority, suggests that mainland pension reform policymakers draw lessons from Hong Kong's Mandatory Provident Fund scheme. Provided to China DailyHong Kong's Mandatory Pr...

  • (Xinhua)2017-03-09 09:05

    BEIJING - China is home to more than 220 million people over the age of 60 in China, or 16.1 percent of the population, and the numbers are growing. As the population ages, the country faces the challenge of building a more sustainable pension system. Since late 2016, China has invested an initial 3...

  • By Wu Zheyu(chinadaily.com.cn)2017-03-08 17:55

    Sun Jie,vice dean of the School of Insurance and Economics at the University of International Business and Economics,member of the Chinese People's Political Consultative Conference (CPPCC) committee, was doing interview with China Daily website.[Photo by Zhang Guangteng/chinadaily.com.cn]Proposals ...

  • (chinadaily.com.cn)2017-03-08 08:54

    The Chinese government vowed to promote social development to ensure and improve the wellbeing of people in 2017, according to the Government Work Report. Let us take a look at some of the targets set for 2017. 10 Mobile rates for domestic roaming and long-distance calls will be cancelled within th...

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