Wang Haidong, director of the Department of Aging and Health of China’s National Health Commission, on Tuesday announced demographic studies showing that China will become a “sharp aging society” by 2035, with 30 percent of the large population over 60 years old will be.
China’s state-run Global Times Quoted Wang as saying the communist regime is under “great pressure to cope with the aging scenario” because the “old-age dependency ratio” will skyrocket and peak around 2050.
In other words, like many other developed countries – but on a gigantic scale and faster – China is reaching the point where longer life expectancies and falling birth rates mean there are not enough young workers to foot the bill for caring for retirees.
Wang struggled to reassure reporters that China has sufficient resources to deal with its elderly for now, although he made it sound like his government doesn’t care about them as much as puts them away:
Speaking about the development in elderly care, Wang said that as of 2021, the pension system covered 1.03 billion, and health insurance covered 1.36 billion of the 1.4 total population. Long-term care services are being developed in 49 cities serving 145 million people.
As of the first quarter of 2022, there were 8 million beds in 360,000 care centers and more than 1.75 million beds in medical care centers nationwide.
More than 40,000 learning centers have been set up for the elderly to study while providing them with cultural facilities and attractions free of charge or at discounted prices to encourage the elderly to participate in leisure activities, Wang said.
Wang said the regime will “implement national strategies for the situation and find a unique way to deal with it,” but so far none of its tools have helped stem China’s demographic collapse.
A few years ago, alarm bells started ringing when Chinese health experts caught on project net population decline by 2025, and a few postulated Negative population growth may already have arrived in some regions.
In July this year, leading demographers Huang Wenzheng said negative growth “will be the dominant trend for a long time” and describes it as “an inevitable result of a long period of low fertility rates”.
Huang pointed out that earlier dire predictions of population decline may actually have underestimated how quickly the number of births would fall. China Posted the lowest birth rate in its modern history over the past year, possibly because the coronavirus pandemic and its lockdowns have made it harder than ever for people to date, and the terrified population has lost its remaining enthusiasm for children.
China first relaxed its notorious “one-child policy” of mandatory contraception and abortion, then began actively encouraging citizens to have two children, then realized that the tough bill of population growth means even larger families are needed will.
Chinese officials have sought to allay the sense felt by young professionals in China and many other societies around the world that having children is too expensive and stymies young parents’ career aspirations. It was one of China’s techniques in this direction impose strict price controls for tutoring, which aspiring parents saw as an expensive necessity for their children’s success.
China has been pumping out propaganda to encourage having multiple children and offered Parents-to-be have a range of incentives, from tax breaks and housing benefits to childcare and insurance subsidies. None of this seems to be working as well as demographers had hoped.
China will still have plenty of people in 2035 or 2050, and while the declining ratio of young workers to the elderly is distressing, it shouldn’t be catastrophic for a country as prosperous as China claims.
The big problem is that China’s dreams of economic global dominance depend entirely on whether there is a huge labor supply, and it looks like they won’t be showing up to work in two or three decades’ time.
Human capital is simply essential to sustaining the explosive growth that China’s 21st-century agenda demands, especially when plentiful, cheap labor is such a key component of Beijing’s export strategies. China’s military ambitions require both soldiers and industrial workers to manufacture high-tech munitions.
As foreign policy As noted in July, if current projections for both countries hold up, China will reach the end of this century with about half the population of India. Meanwhile, the US is struggling with its own demographic decline, but far less severe than China’s currently, and Americans’ far higher per capita income means China’s dream of becoming the world’s leading economy is likely only a few years away will last. if it happens at all.
https://www.breitbart.com/asia/2022/09/22/china-faces-severely-aging-society-with-400-million-elderly-by-2035/ China Faces ‘Severely Aging Society’ with 400 Million Elderly by 2035