PUBLISHED DECISION GUIDE
Foreign Investors May Bring Cheer to Elderly Care Sector: A Guide to China's New Opening-Up Measures
China's new plan to fully open up the senior care market to foreign investors aims to build a comprehensive service system by 2022. Learn about the opportunities and what it means for elderly care.
China is pledging to further open up its elderly care market to overseas investors, as part of new measures to address the challenges of an aging population. This guide explains the key points of the plan and its potential impact.
Independently written English guidance based on cited public sources. Every public guide is human reviewed; it is not an official translation of the source publisher.
Overview of the New Plan
The National Development and Reform Commission and 17 other government departments have rolled out a new plan to fully open up the senior care market. The plan encourages foreign capital to invest in and set up care homes in China, offering preferential policies equivalent to those for domestic players. [Evidence: 64ae5a46-38e1-4eaa-bf71-22694a842308]
The plan aims to build a comprehensive senior care service system covering both urban and rural areas by 2022, with home-based care as a basis, community nursing as a support, and institutional care as a supplement. [Evidence: 64ae5a46-38e1-4eaa-bf71-22694a842308]
Opportunities for Foreign Investors
Since the government introduced opening-up policies to encourage foreign investment, international companies have actively embraced the business opportunities, aiming to tap into the huge potential of the booming market. [Evidence: 64ae5a46-38e1-4eaa-bf71-22694a842308]
For example, Europe's major nursing home operator Orpea Group launched a nursing center in Nanjing, Jiangsu province in 2016, and opened its second nursing home in Changsha, Hunan province at the end of last year. [Evidence: 64ae5a46-38e1-4eaa-bf71-22694a842308]
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This guide received human editorial review. Use its public sources and review date to assess the current information boundary.
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