Long-term Care for the aged: critical issues and challenges to China's sustainable development Online publication date: Thu, 23-Feb-2006
by Jane Zhang
World Review of Entrepreneurship, Management and Sustainable Development (WREMSD), Vol. 2, No. 1/2, 2006
Abstract: How to finance Long-term Care (LTC) has become a major policy issue in China. The provision of LTC finance is vital to sustain China's long-term economic development as the ageing population has a significant impact on the Chinese economy and the social welfare system. This paper examines the need for LTC in an ageing society as a critical social and economic issue faced by the Chinese government in the 21st century and analyses various LTC financing options. Currently, in China, there are widespread concerns over the affordability of LTC in the next 15–35 years when the ageing population reaches its peak. This paper specifically examines LTC social insurance, focusing on its advantages and applicability to China. It is suggested that LTC social insurance should be established in China and contributed by individuals through levying an LTC tax on savings income, an enterprise through business tax and the state through the reallocation of social welfare funds.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the World Review of Entrepreneurship, Management and Sustainable Development (WREMSD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook