An increasing number of elderly people are moving outside Hong Kong - one of the world's most expensive cities - to mainland China for cheaper and better retirement options. clarejim reports
HONG KONG - After spending time with his 84-year-old mother in a senior care home in the southern Chinese city of Shenzhen, David Lee walked up to the supervisor and asked to reserve a place there for his own retirement.
“My mother had been queuing for two years for a space in a senior care home in Hong Kong, and she only waited two months before getting a space here,” Lee said. The senior care market in China is estimated to grow to 7.7 trillion yuan by 2020 and to 20 trillion by 2030, from 5 trillion yuan in 2016. That has led to a flood of investors from Hong Kong and overseas.
According to an official Hong Kong survey, 77,000 people from Hong Kong 65 and older lived in Guangdong in 2016. To encourage more seniors to retire in mainland China, the Hong Kong government grants social security assistance to underprivileged elderly in Guangdong and Fujian provinces.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China condemns US lawmakers' support for Hong Kong protestsSpokesman called U.S. support 'gross interference in China's internal affairs.'
Baca lebih lajut »
Thousands rally as China condemns U.S. lawmakers' support for Hong Kong protestsWhile recent rallies have been marked by violent clashes with police, organizers said they hoped Sunday’s assembly would be peaceful.
Baca lebih lajut »
Tens of thousands rally in Hong Kong as China condemns U.S. lawmakers' supportThe large turnout suggested the movement retains widespread support after recent protests were marked by violent clashes with police that have garnered increasing global attention.
Baca lebih lajut »
UK's Labour says government must talk to China over Hong KongBritain's opposition Labour Party said the government should talk directly ...
Baca lebih lajut »
China lashes out at Taiwan over Hong Kong asylum offerChina is lashing out at Taiwan over its offer of political asylum to those taking part in Hong Kong's pro-democracy movement.
Baca lebih lajut »