Wednesday, January 8, 2020

Meeting the challenge of China’s changing population

BLOG: The shrinking demographic dividend and managing an ageing population are now major challenges to China’s economic development. According to the most recent population projections released by the Population Division of the United Nations, World Bank and China’s Population and Development Research Center, the ageing of China’s population will have four main characteristics in the coming years.First, the elderly population will enter a period of sustained high growth, especially after 2030 when the average annual growth of the population aged 65 or above will exceed 11.2 million. In 2050, the number of people over 65 is expected to exceed 400 million, close to one-third of the population. At that time, about 10 per cent of all households will have at least one... Read More