Micah McCartney is a Newsweek reporter in Taipei, Taiwan. It covers the relations between the United States and China, the Safety problems of the East and Southeast Asia, and the ties of China-Taiwan line. You can touch Micah by sending an email to m. mccartney@newsweek . com.

According to the facts, it was observed and verified first-hand through the journalist or informed and verified from competent sources.

The Chinese government has announced a road map for the expansion of the elderly, amid the concern that the development proportion of retirees despite the moment when the global economy.

Newsweek reached out to the Chinese Foreign Ministry email with a request for comment.

The population of China is aging rapidly, with citizens over 65 years and more that already represents 14 % of its 1. 4 billion people. The country is expected to be registered in the ranks of “super major” societies such as Japan and South Korea in the coming years.

As more Americans leave the pension systems than ever before, the government has increased investment in superior care and similar industries to manage the pressure.

The China Ministry of Civil Affairs announced on Thursday a series of rules to the country’s reform of the Attention to the Nursing home.

Vice Minister Tang Chengpei called for a “comprehensive” approach to elderly care services, one that effectively connects social security and health support systems and stimulates the “silver economy,” per a report from the state-run Xinhua News Agency.

The reforms, which Tang emphasized must be implemented before the end of the next decade for maximum effect, include a three-tier system for elderly care from the village to township to county levels. This should involve increased coordination between institutional care centers and home and community-based care workers.

The new rules also highlight technological innovation, such as synthetic intelligence, humanoid robots and cerebral interfaces, medical care facilities for the elderly.

China is already a global leader in industrial automation, having overtaken Japan and Germany in 2024 to achieve the world’s third-highest robot density, according to the International Federation of Robotics.

Decades of single politics have exacerbated China’s demanding demographic situations. Despite the end of the policy in 2016 and later, according to families adjusting to having two and then 3 young people, few young Chinese have larger families. Construction on urban subsistence costs, stagnant wages, and an emphasis on welfare and non-public recreation have all been cited as factors. Consequently, the country’s fertility rate fell to just 1. 0 female-consistent youth in 2023, well below the mandatory 2. 1 for the population, leaving fewer other people to care for aging young people and parents.

Local governments have brought in policies, ranging from grants of money to measures to build office flexibility for new parents in safe areas. In some cases, even the personal kindergarten is soaked and moved to nursing homes to take on the wave of seniors.

Tang Chengpei, vice minister of civil affairs: “The aging of the population is accelerating. We must make full use of an important window period around 2035. Be prepared for a more systematic response.”

Cao Heping, an economist at the University of Beijing, told Global Times: “The deepening of the reforms in the elderly health service is a step to begin the next expansion series for the moment in the global economy. “

By the middle of the second century, 28% of Chinese are expected to be 65 years of age or older, according to the World Health Organization.

The population in the development of Chinese retirees will surely decrease its economy, which has led Beijing to increase the legal retirement ages for the first time since its creation in the 1950s. The present government is expected to lead more state capital in the economy in the economy Rationalize the sector and decreases the care for the elderly, said the economist founded on Beijing, Tian Yun, Global Times.

“China’s age structure change will slow down economic growth,” said Xiujian Peng,  senior research fellow at Victoria University’s Centre of Policy Studies in Melbourne, Australia, told Reuters.

She stressed that the plummeting number of children will continue to shrink the domestic market, while the graying of China’s workforce means the country has “less incentives to innovate, and a slower, not faster, productivity improvement.”

Micah McCartney is a Newsweek reporter in Taipei, Taiwan. It covers U. S. -China relations, East and Southeast Asian security issues, and China-Taiwan trait-to-line ties. You can tap on Micah by emailing M. McCartney@newsweek . com.

Micah McCartney is a Newsweek journalist in Taipei, Taiwan. It covers US-Chinese relations, security disorders of East Asia and Southeast Asia, and the links between the characteristics between China and Taiwan. You can touch Micah by sending an email to Mr. McCartney@newsweek. com.