Building China's senior villages
John Defterios finds out how the American concept of senior living villages and homes is being adapted in the world's most populous nation.
It’s mid morning in Beijing and the seniors are making their present feel, whether it’s a Tai Chi routine or taking over a park table for a robust hand of cards.
China’s population is aging rapidly. Back in 1950, the medium ages was 24, that’s projected to double by 2050. This has broadened implication for social policy including housing.
It’s being labor China’s golden era, and those in the senior living businesses like developer Sino-Ocean like are embracing it. Out of Beijing’s equivalence of Siberia, I enter into this iron compound for retirees. Inside, there’s a group of potential tenants receiving a sale pips of what retirement would look like, for a cost of 200 to 4,000 a month.
Our industry’s focusing on the Chinese market as the senior population in China has exceeding a number of the total population in the US.
The senior living businesses have brought out China’s one child policy with siblings migrated into urban centers in search of higher wages. Sino-Ocean signed a joint venture with a leading American continuing care group to cherry-pick the best services from more advanced countries such as the US and Japan.
The Chinese operate or the advantages or the best practice of foreign countries which have a mature market then we localize it to fit to our costume norms.
This means for example an onside executive chef who trained in the five-star hotel combines with Chinese acupuncture therapy.
The confusion way of life is adapting, allowing children to offer a better quality of life to their parents instead of carrying for them. After a more than doubling pro-capture of GDP for the past decade, the 78-year-old resident says she’s happy to break with tradition.
It’s true that traditional culture in China thinks that parents should live circuit of age. Now there’s a radical change in the social sentiments we’re thinking about how you take care of yourself after you’re aged.
A golden era for Chinese senior citizens who can afford to live in luxury.
John D, CNN.