China: Long-Term Care Insurance Nationwide by End of 2028

This is a significant state-led expansion of social insurance infrastructure, signaling a major fiscal commitment to eldercare as China's demographics shift. The move to unify standards and enable cross-regional recognition addresses a key friction point for a mobile workforce and aging population. The open question is how this centralized framework will be funded and administered at scale, and whether it will create a more standardized market for care services. For observers, the pace of provincial implementation and the specific benefit levels will be the real test of how this policy translates on the ground.