Beijing faces ‘super-aged’ population as one in three residents set to be 60 or older by 2035
AROUND one in three residents of China’s capital is expected to be aged 60 and above by 2035, underscoring the growing challenge of an ageing population for the world’s second-largest economy. The official Beijing Daily reported on Oct 17 that Beijin...
Beijing is projected to become a "super-aged" city by 2035, with one in three residents expected to be aged 60 or above. Currently, 5.29 million permanent residents aged 60 and above represent almost a quarter of the city's population. The municipal government is responding to this demographic shift by increasing basic pension payments.
China's declining population since 2022 and an aging workforce are causing significant challenges for policymakers, threatening to complicate efforts to stimulate domestic consumption and manage debt. Demographers and economists warn that falling birth rates could result in fewer households and weaker consumption growth in the long term.
China is addressing population planning as a crucial component of its economic strategy, estimating a potential cost of 180 billion yuan in 2026 to encourage births.
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