- May 17, 2022
- Posted by: Stratford Team
- Category: Economy
- China is a rapidly graying country with those aged 60 or above reaching 267 million or 18.9% of the total population, and this may rise to one-third of the population before 2050.
- Welfare reform must work in tandem with social policy so as to make active aging an integral part of economic growth, linking health to wealth and common prosperity.
- Healthcare, labor reskilling and gender parity are three areas of focus for domestic policy to solve the challenges of China’s aging population.
As the second-largest economy in the world in 2022, China faces at once the challenges and the opportunities brought about by the Fourth Industrial Revolution. It presents a case where the demographic challenges of an aging population and gender disparity may be fruitfully solved by the measured use of digital technology as the country continues its transition to a greener, data-driven new economy. Healthcare, labor reskilling…