Long-term care for the aged: critical issues and challenges to China’s sustainable development.

Zhang, Jane (2006) Long-term care for the aged: critical issues and challenges to China’s sustainable development. World Review of Entrepreneurship Management and Sustainable Development, 2 (1/2). pp. 126-143. ISSN 1746 0581

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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.

Item Type: Article
Print ISSN: 1746 0581
Uncontrolled Keywords: Long-term care; elderly; China; sustainable development; environment; social welfare; entrepreneurship; policy issues;
University Divisions/Research Centres: The Business School > School of Accounting, Economics and Statistics
Dewey Decimal Subjects: 900 History & geography > 950 History of Asia
300 Social sciences > 300 Social sciences, sociology & anthropology > 305 Social groups
300 Social sciences > 360 Social problems & social services > 361 Social problems & social welfare in general
Library of Congress Subjects: H Social Sciences > HN Social history and conditions. Social problems. Social reform
H Social Sciences > HV Social pathology. Social and public welfare
Item ID: 2075
Depositing User: RAE Import
Date Deposited: 14 Feb 2008 11:37
Last Modified: 26 Mar 2013 14:06

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