Author: Steve Koon, Founder of Innovate 99 Impact Investment Consulting
Source: “China-UK Social Enterprise and Social Investment Case Studies” publication
Edited by: British Council Society Team
Data from the Office of the China National Committee on Aging shows that at the end of 2013, the proportion of residents over 60 years of age in the overall population was already at 15%, while the number reaches 25% in the cities of Beijing, Shanghai and Guangzhou. “Empty-nest” families account for 50% of all families, and exceed 75% in big cities.
China has not yet designed a sustainable senior care system to solve this unprecedented challenge. Within the next decade, the time bomb will go off when the first generation of parents of the one child policy are in need of senior care. Facing a race against time, Golden Sun has dedicated itself to launching an open and sustainable senior care system to deal with the challenge in China before the bomb explodes.
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