China’s Aged Population: Favorable Policies and Economic Opportunities

China’s Aged Population: Favorable Policies and Economic OpportunitiesAccelerating Demographic Shift and Start of an “Aged Society” In January 2022, Chinese elderlies aged 65 and above reached 200 million – accounting for 14.2% of the total population. According to UN standards, a country with more than 7% of the population over the age of 65 is an „ageing society“, more than 14% an „aged society“ and more than 20% an „ultra-aging society“. Thus, this marks China’s official demographic entry into an „aged society“. Meanwhile, China’s elderly service resources are not balanced geographically: especially in rural areas and in the case of …