China´s demographic problems might stop its economic development in its tracks, writes author Howard French in the Atlantic. Not only can China not deal with its aging population, “some Chinese experts now say that the country’s economic output may never match that of the U.S..”
Category Archives: aging
China will count 1.41 billion people by 2015 and then drop, says Zhang Juwei, an eminent researcher of demografic trends at the Chinese Academy of Social Sciences in Yibada. His estimations are part of the next 5-year plan. Despite shortages “Labor supply will remain robust till 2030”, he added.
With the growth of high net worth individuals (HNWIs) in China, services for them expand. The need for luxury retirement homes is one of them, a survey supported by the Hurun China Rich List is one of them, tells Rupert Hoogewerf, Hurun founder, at the Global Times.
A fast aging work force is one of the setbacks of China´s one-child policy. China has now relaxed that regulation, but that might not be enough to deal with the negative effects, writes analyst Sara Hsu in Triple Crisis.
Taking care of her aging father, author Zhang Lijia realized China is not ready to deal with its rapidly aging population. On for 1.6 percent care facilities are available. China became old before it got rich, unlike its neighbor Japan.
The population bubble created by Mao Zedong is becoming a wave of pensioners, as China’s current population – limited by a one-child policy – might not be able to sustain that grey gulf. Analyst Paul French takes a peek at the countries demographic abyss for the EastAsiaForum.
Earlier this month China’s government took the extraordinary step of forcing children to visits their parents regularly by law. Author Zhang Lijia looks in The Guardian back on how filial relations in China have been changing dramatically over the past two decades. Action is needed, she writes.
Fast urbanization often leads to stressful lives, of people living on the edge. But it can be different, author Paul French discovered at he visited Yichang, Hubei province. A relaxed urbanization in a city of 6.5 million, described in the China Economic Review.
The one-child policy has been one successful tool to eradicate poverty in China, today the growing number of old people is severely undermining the ability to pay decent pensions, warns professor Wang Jianmao of CEIBS in the People’s Daily. Companies might have to pay the bill.