On Sunday, a series of measures were jointly issued by Shanghai’s nine government authorities to ease financial pressure on the city’s senior residences resulting from the resurgence of COVID-19.
These include subsidies related to disinfection and preventive items for residences for the elderly until December, and exemption or reduction of their rents, according to the Shanghai Civil Affairs Bureau.
Operating grants ranging from 10,000 yuan ($1,495) to 200,000 yuan per elderly care facility have also been earmarked, according to the bureau.
Agencies for the elderly in financial difficulty are allowed to delay payment of social security contributions, and a subsidy of 600 yuan per person for elderly residences that do not lay off their staff will also be paid.
Financing guarantees and preferential loan policies are also included.
Shanghai is one of China’s top aging cities, and the proportion of elderly residents is expected to rise through 2025.
City residents over the age of 60 accounted for more than 36% of the permanent population at the end of last year, reaching 5.34 million.
It is estimated that around 300,000 people in the city suffer from dementia, a figure that is expected to rise in the coming years.