“You have one child with two parents and four grandparents. To take care of so many people becomes more challenging," said Louis Lim, chief executive of Singapore-based Keppel LandLim says "stigma" around retirement homes in China is quickly disappearing.
"Many investors and institutions believe that the true time of the China senior housing market will boom around 2025-2028, so they are accelerating investments in this space," Liu said. About 4% of people aged 65 and over in Britain live in retirement homes, according to information service Lottie. Seventy-year-old Yu and his wife moved to Ardor Gardens, a 1.7 billion yuan, 85,000 square metre development by Lendlease that opened 17 months ago on the outskirts of Shanghai, where their daughter works in marketing."It was my long-held view that we should live in a retirement community. My daughter was very happy we found this place," said Yu, giving only his last name for privacy reasons.
We can make money outta old people so we're sure they die penniless....
Chinese elders have to on their own, Because their money had been token by CCP to raise Russia, North Korea and Iran etc those dictatorship
The difficult part is, who is going to pay.
This is the same as trying to sell sneakers in india it won’t fly.
So they can be controlled and fed deadly medication to be less of a burden on society.
The consequence will be that China will become less dependent on export markets and will produce more for home market. A huge probleem for Western world that shifted from blue collar workers to white collar workers by shifting production to China. Taking it back is not easy !