Govt pledges more investment in aged care

The Chinese government will roll out preferential policies for private investors in the industry that provides services to the aged, said Li Liguo, Minister of Civil Affairs.

More attention will be paid to care provided by communities and institutions, while bed numbers will increase to 30 per 1,000 people from 20 per 1,000 people now, Li said on Tuesday on the sidelines of the annual session of the 12th National People's congress.

Preferential policies will also be issued to attract private investment into the industry, he added.

In addition to tax reductions, private investors in some regions will receive subsidies to set up care centers, as well as for their daily operations, according to the minister.