Nearly 12 million Chinese would consider a retirement village

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Last week the China National Committee on Ageing (CNCA) released a report revealing 6
to 8 percent of older Chinese would be willing to live in a retirement village. With more than
149 million Chinese aged 60 and over, this equals a potential 11-12 million retirement village
residents! The one-child policy, and the trend for the younger generation to move away from
their home towns in search of jobs and a better lifestyle, has lead to the breaking down in
traditional retirement arrangements where the elderly lived with their children. Late last year,
FKP, the parent company to Aveo, announced a joint venture to enter the lucrative Chinese
retirement village market.

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The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.