“Why are rural elders reluctant to retire in the city”: Trending hashtag on Chinese social media
According to China’s Population and Development Research Center (中国人口与发展研究中心), by 2050, the number of people over the age of 80 in the country will quadruple. This means that China has entered the era of longevity and become home to the world’s largest elderly population. Facing a rapidly aging population, people are increasingly taking an active […]
Retirement in China: Preparing for 410 million second-wave baby boomers to exit the labor market
Retirement in China has been a heated topic for quite some years. It’s no secret that China has younger retirees compared to the global average. An official retirement age set so low poses a financial burden on the state in terms of pension provisions. On the other hand, a transition into a delayed retirement requires […]
Why will the elderly be the greatest burden of Chinese society?
It is no secret that China’s population is aging: in 2050, the Chinese elderly over 60 will make up 39% of the population compared to 15% now. Nonetheless, China has not reached the level of prosperity of its developed counterparts such as Japan or European countries and has specificities that could make this issue more […]