From Mandatory Savings to Silver Economy: China’s Plans for its Elderly Population

University for the elderly in China (Source: Bingqin Li)

China is home to the world’s largest ageing population. In 2023, there were 216.76 million people over 65 years old: more than 15.4 percent of the total population and much higher than the global average of 10 percent.[1] China is on track to be a ‘super-aged’ society in 2030, when at least 20 percent of the population will be older than 65.[2] This demographic shift will have a profound influence on the nature of China’s economy and society. Government policy towards its ageing popul...

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