Tennessee Chinese Chamber of Commerce

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Invitation for joint investment in the “Apartments for the Elderly” Project in Changzhou City, China Print E-mail
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The Chinese population is rapidly aging, due to a lower mortality rate and the one child policy. By 2020, over 23 percent of China's citizenry is expected to be over age 65, resulting in major challenges to China's social security system, including newly emerged family structure, old age support, social mobility and long-term care. Meanwhile, this creates a growing market for healthcare products and services in China. Chinese government encourages and supports all sectors of society and individuals to make investments in building nursing homes, seniors' apartments, and medical rehabilitation facilities, according to the "Law of the People's Republic of China on Protection of the Rights and Interests of the Elderly" [Effective since 1 October 1996]. Foreign investors also enjoy Chinese preferential policies on taxation and bank loan.
A successful local businessman is planning the "Apartments for the Elderly" Project in Changzhou City, Jiangsu Province in eastern China. This project will provide elder residents with integrated residence and community services, including healthy foods, healthy lifestyles, entertainment and healthcare. The project will adopt a model of "welfare business, commercial operation", which will become a key welfare project in Changzhou City with a 19% return on investment. It is open to joint investment. For more information, please email to Mr. Qi in Changzhou City at jacky8808088@163.com (Chinese only) or contact Dr. Qian at henrychian@gmail.com.