in Shanghai, do not visit quite often to their parents in old age can have serious financial consequences, reports Caixin.com. Explanations.
When they do not live with them, the children must "go often to visit their parents or take on their news." Otherwise, they may be prosecuted, and see their credit rating decline. This is stipulated in a new law of the city of Shanghai, says the chinese site Caixin.com. And that said credit rating is affected, says, in particular, difficulties then to get a loan, or to open a bank account.
"This measure, which is applicable from 1 may, is part of the efforts of the central government to promote filial devotion, an important aspect of confucianism, while the country's population is aging rapidly," adds the article. This last reminds us that Shanghai, the most populous city in China, had the end of 2015 4.36 million inhabitants over 60 years of age, almost one-third of the population, and that 5 million should be reached by 2018.
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"love cannot buy"
"the laws of filial devotion is a serious question" here, points out in a column on the subject, Patti Waldmeir, a correspondent for Shanghai's Financial Time. The share of elderly in the population is important "because of the one-child policy", she says, and are "increasingly likely to live separately from their adult children". However, "the State does not have the means to take care of all these elderly people". "But as we all know, love can't be bought", she notes.