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History of the Industry

China¡¯s graying population: Currently, some 10% of Chinese citizens are over the age of 60. By 2050, it is expected that some 25% (410 million) of Chinese people will be elderly. With that in mind, we feel that entering the upscale elderly housing market before 2010, when China¡¯s baby boomers begin to retire, will be a highly profitable venture. The retirement age is 55 for women, 60 for men, and the average life span is 69 for men, and 73 for women. These demographics, combined with the fact that majorities of today¡...