China faces the challenge of an aging society

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China’s elderly population is expected to reach its peak of 437 million by 2051 and the twenty years starting from 2030 will be a crucial period for the problem of aging in China.

A report recently released by China National Committee on Aging shows that the next 25 years from now on means both a key preparation period for coping with the problem and a strategic opportunity.

The aging of China’s population is accelerating.

China has become an aging society since 1999. By the end of 2004, people over 60 years old had reached 143 million, accounting for 10.97 percent of the nation’s total population. So far, China is the world’s largest aging population country, taking up one fifth of the world’s total.

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