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China seeks new ways to cope with ageing pressure

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2015-07-29 10:15CCTV Editor: Qian Ruisha

A pension in exchange for your home.

A new model of elderly care has taken off the ground in China.Elderly people can mortgage their property with an insurance company in exchange for a monthly pension payment.

Going in for the plan will however give the company the right to dispose off the property after its owners' death.

 

  

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