China: Welfare for Old Will be Challenge – Scott McDonald
China said Tuesday that creating welfare programs for its soaring numbers of elderly is a national priority, but warned that will be a daunting challenge in a rapidly graying society.
With a population of 1.3 billion, China faces an acute demographic crunch due to birth-control programs that limit most urban couples to one child, which will cause the ratio of working people to retirees to drop sharply.
The government has launched pension, health care and other programs for the elderly, the Cabinet said in a report on aging. It mentioned no new initiatives. [Full Text]
Read article form DenvorPost.com: “China faces strain on resources as its elderly population soars,” saying “China is steadily turning gray and slowing its gait.”