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.