NPR Story
3:00 am
Thu July 11, 2013

New Law Creates Business Opportunities In China

Originally published on Thu July 11, 2013 10:13 am

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.