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New Law Creates Business Opportunities In China

NPR
Thursday, July 11, 2013

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

The law requires adults to provide financial and emotional support to their elderly relatives. The Wall Street Journal reports China's version of eBay now has listings that offer services like running errands and standing in line.

Transcript

RENEE MONTAGNE, HOST:

In Chinese culture, filial piety is the virtual of respect for one's elders. In fact, a new Chinese law requires adults to provide financial and emotional support to their elderly relatives, which brings us to today's last word in business: outsourcing tender loving care.

DAVID GREENE, HOST:

That's right. This new law is giving entrepreneurs a business opportunity. The Wall Street Journal reports that China's version of eBay now has listings that offer services like running errands or standing in line.

MONTAGNE: So if one is too busy to check in on the folks, just hire someone to chat with them or even, say, celebrate their birthdays. Such services are going for about $16 an hour, transportation extra.

And that's the business news on MORNING EDITION, from NPR News. I'm Renee Montagne.

GREENE: And I'm David Greene. Transcript provided by NPR, Copyright NPR.

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