Will China’s Next Export Be It’s Aging Population?
Forbes reports that China’s Number 1 social welfare home currently has a waiting list of over 10,000 people. The article reports that the China Aging Development Foundation, a fund administered by China’s Ministry of Civil Affairs, is working with one Hong Kong investor and another one from Dubai to build 12 retirement resorts in the next six years.
Eight of the locations will be in China, with the first of these large projects slated for Dubai. The Dubai project—essentially a community with hotels, shops, and amenities in addition to residences—will be large, approximately four million square feet.