News Snapshot:
Reuters Videos STORY: Investors are betting big on a major attitude shift among elderly Chinese.That they will warm up to the prospect of retirement homes as the world's most populous country ages and smaller families struggle to support parents and grandparents.Pensions in China are tiny.It has made care of the elderly one of the major headaches faced by policymakers, who are dealing with the first demographic downturn since Mao Zedong's Cultural Revolution.Costly nursing homes are out of reach for most, and their use is seen by many as a sign of children not fulfilling their duties.But companies investing in China's...
