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Aug27
Meet the Seniors
Yuan Yao August 27, 2006
Know More: Economic Forecast
According to China’s National Committee on Aging, there are currently 100.55 million senior citizens, whose age is over 65 in China, counting for 7.7 percent of the population. It forecasted that the aged population would reach 170 million in 2010, 12.5 percent of the total, and 243 million, 17 percent of the total in 2020.

United Nations defines an aging country as one whose senior citizens accounted for 7 percent or more of the total population. By this standard, China has already entered the ‘Global Seniority Club.’

Approximately 30 years ago, China started to implement the family planning policy. Although the policy has been widely criticized by outsiders, most Chinese families have just one child and have gradually accepted the fact that China cannot support a large population. By controlling the birth rates, China has certainly prevented an overpopulation crisis. But China’s policy-makers have now started to worry about how the country can care for up to a billion seniors.

What goes around, comes around.

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