China has the largest elderly population in the world and also one of the most rapidly aging societies in the world, which will pose great challenges to sustainable economic and social development. According to the National Bureau of Statistics, China had about 185 million persons aged 60 and over at the end of 2011 ? It is projected that the[Read More…]
China boasts the most spectacular sustained economic growth in world history. But there is a fly in the ointment. It also has the world’s largest elderly population. As a consequence of its one-child policy, its share of the population aged 60 and over will spike alarmingly from 12% in 2010 to 34% in 2050, creating a tremendous socioeconomic burden for[Read More…]
As China continues to age rapidly, foreign companies are moving in to cater to the estimated 300 million retirees expected in the next decade. Ben Marino reports from Beijing.
Well reverse mortgages are common in many developed countries around the world. You’ve likely heard of them in the U.S. It’s a deal generally for older citizens to use their home as collateral to receive regular payments from insurers. This may sound a bit morbid, but a reverse mortgage may be a good deal for those who live long, as[Read More…]
Over the past two decades, China’s population has been aging rapidly. As a result of China’s “one-child” policy and low mortality, the proportion of elderly citizens will continue to grow very quickly, increasing the stress on an already troubled health care system. Demographic Context China adopted a one-child policy in 1979 in order to stem population growth and ensure economic[Read More…]
