Tue March 19, 2013
The Last Word In Business
Originally published on Tue March 19, 2013 8:42 am
RENEE MONTAGNE, HOST:
Our last word in business today is filial piety.
STEVE INSKEEP, HOST:
That's the ancient Chinese ethic of young people showing care and respect to their parents and older relatives. Now it's the law in China. Starting this summer, if kids don't pay enough attention to their folks, mom and dad can sue.
HANS BLIX: Bloomberg News reports this is part of a broader law requiring kids to care for the elderly. China's population of seniors is expected to grow to nearly 500 million in four decades, and the government is looking to share the cost of their care.
MONTAGNE: And that's the business news on MORNING EDITION from NPR News. I'm Renee Montagne.
INSKEEP: I'm Steve Inskeep.
(SOUNDBITE OF MUSIC) Transcript provided by NPR, Copyright NPR.