Surf Taiwan News, Browse the World »
Taiwanese businesses see opportunity in China's new child policy
Central News Agency
2013-12-28 09:49 PM
Shanghai, Dec. 28 (CNA) China's decision Saturday to allow couples to have a second child if either parent is an only child is seen as a boost to the maternity industry in China, and related Taiwanese businesses are eying their opportunities in the latter part of 2014. Steven Chen, general manager of the Anli Maternity Hotel in Shanghai, said the company is targeting wealthy families. He said China's easing of its one-child policy and the expected promulgation of regulations regarding postpartum care centers in April will definitely help the sector. He noted that previously the middle- and upper-class families in Shanghai would usually hire a woman to take care of a newborn and its mother in the month after childbirth and that only 10 percent would use postpartum care centers, far behind the ratio in Taiwan. He said nonetheless that "there are business opportunities as long as there are differences." The hotel, which opened in late September, has a booking rate of 80 percent so far, all of them by Shanghai families. Frank Chung, chairman of Guanghetang, which caters postpartum food, said that China's new policy will definitely benefit related industries. He said he expects "a sharp growth in China's birthrate at this time next year." He noted that China had previously estimated that the new policy will increase the population by between 2 million and 3 million per year, and that those wanting to have a second child are mostly people in the high social and economic echelons. China has also estimated that the first wave is expected to be among women in the later part of their fertility, he added. (By Cheng Chung-sheng and Lilian Wu)
HOME |  WORLD |  Politics |  Business |  Sports |  Lifestyle |  TAIWAN |  Technology |  Health |  SUPPLEMENT |  Society |  OPINION
  • Taiwan News  ©  2014 All Rights Reserved.