Chart of the Day: China Grows Old
China’s population is aging — rapidly.
As of the end of 2017, China was home to 240.9 million people aged 60 or older, an increase of nearly 100 million from 2005, according to the National Bureau of Statistics.
This demographic group accounted for 17.3% of China’s total population, equivalent to more than one in every six of the country’s 1.4 billion people.
As the population ages, China faces emerging economic dilemmas. Policymakers are now walking a tightrope between addressing a looming pension shortfall and implementing stricter social security fee-collection measures, which could hurt businesses.
Contact reporter Lin Jinbing (email@example.com)
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