China to adopt policies for ageing population, aim to boost birth rates

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China to adopt policies for ageing population, aim to boost birth rates - Business Standard

Quick Summary:

Rapid ageing has become a growing concern in the world's second-largest economy with the number of those aged 60 and older expected to rise at least 40 per cent to more than 400 million by 2035, equal to the populations of Britain and the United States combined.

However a rising number of young Chinese are opting to not have children, put off by the high cost of childcare or an unwillingness to marry or put their careers on hold, while gender discrimination persists.

China raised its retirement age for men to 63 years from 60, while for women in white collar work it was raised to 58 years from 55.