Shenzhen begins privatization of senior care. “Vanke, one of the largest real estate developers in China, has teamed up with the Shenzhen government to develop the first PPP senior community project in the city of ten million. The developer has taken over the management and started work on project development this month. The scheme will transform the existing government-run community centre for senior residents in the Futian district into a 420-bed facility with a variety of amenities including day care and medical-nursing services. Vanke said it was chosen as the preferred bidder in November and signed the PPP contract on 28 December. The investment size was not disclosed. (…) The project is a pilot scheme to turn government-run senior care facilities into private operations under a PPP framework.”