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China to fully open senior care market by 2020


12-26-2016 03:35 BJT

China's State Council has released new guidelines on healthcare services for seniors. Under the plan, China will lower market access thresholds for nursing home operators and encourage more private investment in the sector  -- with the aim of fully opening China's elderly care market by the year 2020.

The guidelines call for improving nursing facilities and encouraging innovation. Healthcare operators are also urged to include financial services into their business models.

Authorities say new policies on land use and senior care investments will also help improve the quality and scope of professional senior care in China.

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