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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 Cai Hong(China Daily)2017-07-24 07:17

    An elderly woman dines at a nursing home in Hangzhou. Fewer people in Asia are relying on their family in old age. In China, only 43 percent of people 65 to 70 years old live with their children, compared with two-thirds of them in the early 1980s. Sun Yidou / For China DailyAn early advocate of hea...

  • By Chen Meiling(China Daily)2017-07-21 09:01

    With the demographic changes brought about by urbanization, the number of old people, those who have lost their only child or live alone is growing. Home-based care for the aged has become the primary choice for older citizens. The Siming district of Xiamen has built about 100 service stations, targ...

  • By Qiao Xinsheng(China Daily)2017-07-03 08:19

    LI MIN/CHINA DAILYAn 80-year-old passenger recently threw some coins at one of the engines of the plane she was boarding at Shanghai airport because she believed it would bring good luck and ensure a safe flight. A co-passenger saw her doing so and alerted the airport officials, following which the ...

  • By Qiao Xinsheng(chinadaily.com.cn)2017-06-30 15:13

    An 80-year-old passenger recently threw some coins at one of the engines of the plane she was boarding at Shanghai airport because she believed it would bring good luck and ensure a safe flight. A co-passenger saw her doing so and alerted the airport officials, following which the flight was delayed...

  • 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...

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