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The Global Story
Is China's biggest threat its own ageing population?
Apr 2, 2024
Laura Bicker, BBC's China correspondent, discusses China's aging population and its impact on the economy. They explore the challenges faced by the elderly, solutions like care homes and raising retirement age, and the importance of long-term policies.
26:33
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Quick takeaways
- China's ageing population poses challenges to its economy and pension system due to a top-heavy demographic structure with fewer workers available for the workforce and strain on pension funds.
- China's shift towards skilled labor in technology firms and declining investments in major projects due to an ageing workforce could impact global trade relationships.
Deep dives
China's Ageing Population and Pension System Challenges
China faces challenges with its ageing population, with 300 million people set to leave the workforce in the next decade, putting strain on the pension system. Dropping the one-child policy has not fully addressed the demographic crisis, leading to a top-heavy population with a shrinking economy and pension funds running dry.
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Discover
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