China had 41,700 elderly care institutions registered nationwide by the end of 2025, with 722,000 employees, representing a year-on-year job increase of 12.2%, Li Banghua, the spokesperson for the Ministry of Civil Affairs, told reporters on Tuesday.
Among them, private elderly care institutions accounted for 52.2% and in the area of home-based elderly care services, the vast majority were provided by private institutions, Li added.
China will expand consumer subsidies, supported by fiscal and monetary stimulus, early in 2026 in order to boost sluggish domestic demand and ensure the economy grows by the targeted 5% next year, sources close to policymakers told MNI. (See MNI: China To Expand Consumption Stimulus)