Residents of Xing Bao, a retirement community known as Xing Bao in English, gather for lunch in the facility's restaurant in Shanghai, China on Mar. 26, 2015. Xing Bao caters to well-to-do Chinese interested in a retirement option that, until recent years, was almost unknown in China. Residents pays the equivalent of $2,000 each per month for independent living units, which includes full meals, housekeeping, use of the gym, spa, tea house, mahjong rooms and other amenities. The vast majority of Chinese could never afford such an option for their golden years, but some can, and US companies are jumping into the market. Xing Bao is a joint venture between US-based Fortress Investment Group and Fosun, a Chinese financial giant.
Residents of Xing Bao, a retirement community known as Xing Bao in English, gather for lunch in the facility's restaurant in Shanghai, China on Mar. 26, 2015. Xing Bao caters to well-to-do Chinese interested in a retirement option that, until recent years, was almost unknown in China. Residents pays the equivalent of $2,000 each per month for independent living units, which includes full meals, housekeeping, use of the gym, spa, tea house, mahjong rooms and other amenities. The vast majority of Chinese could never afford such an option for their golden years, but some can, and US companies are jumping into the market. Xing Bao is a joint venture between US-based Fortress Investment Group and Fosun, a Chinese financial giant. McClatchy
Residents of Xing Bao, a retirement community known as Xing Bao in English, gather for lunch in the facility's restaurant in Shanghai, China on Mar. 26, 2015. Xing Bao caters to well-to-do Chinese interested in a retirement option that, until recent years, was almost unknown in China. Residents pays the equivalent of $2,000 each per month for independent living units, which includes full meals, housekeeping, use of the gym, spa, tea house, mahjong rooms and other amenities. The vast majority of Chinese could never afford such an option for their golden years, but some can, and US companies are jumping into the market. Xing Bao is a joint venture between US-based Fortress Investment Group and Fosun, a Chinese financial giant. McClatchy

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China’s economic boom has a downside: Who’ll take care of the elderly?

April 29, 2015 12:20 PM

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