(ECNS) -- China's southern city of Shenzhen is soliciting public opinion over a draft plan to cope with mounting pressure facing the greying city.
Highlights of the future policy include a reduction on income tax for employees living with their aged parents. It also mentioned an exemption of property tax for seniors who choose to pay for care services via house loans.
The city's civil affairs authority has also pledged to expand coverage of elderly care services by adding 3,000 new beds at nursing homes and providing home-based services to 90 percent of local seniors.
Shenzhen currently has some 490,000 residents aged above 60. The number is expected to jump to 760,000 by 2020.
