Key Takeaways China Aging Society

• By 2030, that total is projected to increase to 1billion,1 in every 8 of the earth’s inhabitants.
• China’s latest once-a-decade census, which was conducted last year, has showed the slowest population growth since the 1960s, confirming that the country is in the midst of an urgent demographic crisis.
• China’s pension funds and underdeveloped facilities for older adults are sure to feel strain. Adults above 60 now make up 18.7% of the population, compared with 13.3% in 2010.
• In 2019, the total pension assets in reached $223bn in China versus $29’196bn in the USA… The asset/GDP ratio is 1.6% in China vs 136.2% in the USA.
• There are exciting opportunities for economic expansion.
• China is rapidly urbanizing while it remains a predominately rural country. The majority of Chinese workers are not yet covered by any formal pension system.
• This major demographic shift generating 8 subthemes: Security, Well-being, Financial savings, Healthcare equipment, Dependency, Leisure, Transport, Pharmaceutical.