China Expected to Have 300 Million Seniors by 2025

By Ryan Gandolfo, October 26, 2020

0 0

China is getting older. The Ministry of Civil Affairs predicts that there may be as many as 300 million seniors living in the country by 2025.

Last Friday, a report released by the ministry said that 12.57% of China’s population were aged 65 or above at the end of 2019. 

According to China’s National Bureau of Statistics, the dependency ratio of the elderly population has risen to 17.8% over the past three decades. The figure indicates that each senior resident needs to be supported by six people.

In a Global Times article published Sunday, several consequences of an aging population were highlighted. For starters, China’s massive pension system will take a hit as the number of people drawing from the account will exceed those paying into the system. 

Labor costs will also rise with a shrinking total supply of labor, while the increase in the aging population will cause a change in consumption structure, according to a population report by Tsinghua University’s Evergrande Research Institute.

Ren Zeping, dean of the Evergrande Research Institute, suggests the government should rollout a three-child policy. (The two-child policy was implemented at the start of 2016.) He also noted that the availability of childcare should increase and protection of women’s employment rights and interests needs to improve to encourage having more children.

The government, which is gearing up for its 14th Five-Year Plan – a development roadmap for the entire country, is expected to issue new policies to address the aging workforce. 

Experts have floated policy tools such as income tax credits and financial subsidies that would cover pregnancy care and child benefit payments.

[Cover image via Pixabay]

more news

How China Made This Entrepreneur

How Jeremy Sargent went from law school to lawyer and restaurant owner to OBE

Where are People Traveling for China's National Week Holiday?

Most popular train and flight destinations, according to 12306 CHINA RAILWAY and travel agency, respectively.

Gentlemen of East 8th, China’s Most Misogynistic TV Show

Gentlemen of East 8th is possibly the most misogynistic TV show in China, maybe the world.

China Modifies 'Don’t Touch Foreigner' Advice After Backlash

After the CDC faced backlash for its xenophobic remarks, Wu Zunyou changed three of the five suggestions he put forward to contain the spread of monkeypox.

China Reacts to Quarantine Bus Crash That Killed 27 People

A bus transporting residents to a quarantine facility in Guiyang, Guizhou province overturned and killed 27 people onboard and injured 20 others.

6 Amazing Trips to Take Around China

Start planning that October Holiday.

China’s Car Sale Slump and How to Take Advantage

In the spring before China's hottest summer, the automobile market was unseasonably cool.

0 User Comments

In Case You Missed It…

We're on WeChat!

Scan our QR Code at right or follow us at thatsonline for events, guides, giveaways and much more!

7 Days in China With

Weekly updates to your email inbox every Wednesday


Download previous issues

Never miss an issue of That's Magazines!

Visit the archives