Yuefeng stands in elevator of her apartment building at Cherish Yearn care center facility in Shanghai

 
Yuefeng stands in elevator of her apartment building at Cherish Yearn care center facility in Shanghai
Zhu Yuefeng, 75, stands in the elevator of her apartment building at the Cherish Yearn care center facility in Shanghai September 14, 2012. Beijing wants to encourage investment in healthcare services. In January, China reclassified the sector as "permitted" rather than "restricted", meaning overseas companies can own 100 percent of an operation in China. Overseas players including New York-based hedge fund Fortress Investment Group LLC and China Senior Care, backed by one of the principals of U.S. private developer Lerner Enterprises, are also investing in elderly care and retirement facilities, betting that the demographic fallout from China's one-child policy will soften traditional attitudes towards out-of-home care. REUTERS/Carlos Barria