Foreign Investment Encouraged in Senior Care Industry

　　China's aging population is growing, but facilities and services for the elderly are currently insufficient¹ to meet market demand. China is now encouraging more foreign investment in its senior care industry as the country transitions into an aging society. Li Dong has the story.

 

　　According to a report by the China Research Center on Aging, the total Chinese population aged² over 60 will surpass 200 million by the end of this year, almost 15 percent of the country's entire population.

 

　　China's Ministry³ of Civil Affairs has recently issued a new regulation on senior care centers which says that senior care homes must have more than 10 beds. It also states explicitly⁴, for the first time, that foreign organizations and individuals can open senior care centers in the country, with or without a Chinese partner.

 

　　Senior Living L'Amore-Kaijian, a facility operated by Sino-U.S. joint⁵ venture Beijing Yuanjian Senior Care, will open this month in southeast Beijing. Here is Luo Jian, the general manager of the senior living business development department of senior care provider Sino-Ocean Land.

 

　　"When we chose to cooperate with the American company, we were considering their experience, mainly in its service concepts, care system and nursing skills."

 

　　The facility will charge between 15,000 to 25,000 yuan a month per resident. The manager says it's targeted at senior citizens looking for a high-quality life. Ling Yize, is an 83-year-old Beijing resident.

 

　　"Usually, in senior care homes, two people share one small room. I want my own bedroom and a living room. I haven't looked around yet, but I want to see its public facilities, such as the gym, activity center and reading rooms."

 

　　In January, the American company involved in the joint venture set up a similar senior care project in Shanghai. Aruna Poddatoori is the chief operating officer of the Beijing Yuanjian Senior Care.

 

　　"We're in the beginning status, and we are here to stay. We know we can make a difference. We see a lot of positives from the market. We hear it day in and day out. It will be a success."

 

　　Within the next two years, the Chinese government is hoping to ensure that at least 30 beds are available for every thousand people over the age of 60 in senior care institutions.

 

　　That goal requires 6.6 million beds, which means finding 2.7 million more beds in two years. This huge number represents a new market opportunity for both private enterprise and investors⁶.

 

　　For CRI, I am Li Dong.

1 insufficient   

adj.(for，of)不足的，不够的

参考例句：

• There was insufficient evidence to convict him.没有足够证据给他定罪。
• In their day scientific knowledge was insufficient to settle the matter.在他们的时代，科学知识还不能足以解决这些问题。

2 aged   

adj.年老的，陈年的

参考例句：

• He had put on weight and aged a little.他胖了，也老点了。
• He is aged,but his memory is still good.他已年老，然而记忆力还好。

3 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

4 explicitly   

ad.明确地，显然地

参考例句：

• The plan does not explicitly endorse the private ownership of land. 该计划没有明确地支持土地私有制。
• SARA amended section 113 to provide explicitly for a right to contribution. 《最高基金修正与再授权法案》修正了第123条，清楚地规定了分配权。 来自英汉非文学 - 环境法 - 环境法

5 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

6 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会