Yet compared with the fast-growing trend of China's aging population and the need for more elder care services, shortcomings and deficiencies remain acute. In addition, there are visible incongruities in the current elder care services systems. Current senior care services available have been uneven, with more market-oriented institutions seeking profits by actively providing high-end care for the aged. However, the vast demand for lower-cost elder care for most households has so far been left unmet," he said. "These two kinds of capital, with their features distinctively different, are equally important in building China's multitiered elder care system," he said.

Source: Daily Nation March 17, 2023 13:41 UTC