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GDP Per capita $10,153 (67th) And the population is aging fast.

reaperducer 7y ago
And the population is aging fast How is it that Chinese people age faster than Western people? Is it the health care system? Nutrition? Lack of access to preventative medicine?
- jankeymeulen 7y ago
  1 child policy. The population pyramid is inverted, so the average age is increasing.
  - chlee 7y ago
    Exactly like you said. The 1 child policy is leaving China with a low birthrate and hence an increasing smaller population of young people. The problem is further compounded when Mao encouraged Chinese people to have as many children as possible, which lead to ~6 childbirths per women in the 1960's. This means that, at some point, there will be too many old people to be supported by too little young people. Japan is facing similar population issue for example. Now, with the population index slowly inverting, China is running out of time to grow rich before it grows old. Otherwise, its social infrastructure will at some point become overburdened by old people who require care/safety net and not enough young people to to provide that care/safety net (either directly as children taking their aging parents or indirectly by paying taxes). Also, China needs to figure out how it can overcome the middle income trap. Otherwise, its growth potential is severely limited, and could be more fuel being added to the rapidly aging population problem.
  - BurningFrog 7y ago
    The 1 child policy was abolished in 2016. https://en.wikipedia.org/wiki/One-child_policy#Abolition https://en.wikipedia.org/wiki/One-child_policy#Abolition
    - Mirioron 7y ago
      And the direct impact of it will still be felt for another 70-80 years.
- kayaeb 7y ago
  A chinese person does not age faster. The chinese people are aging faster because they have less youth than is needed to pay for the social support for the generations approaching retirement. In response the 1.5 child policy was dropped around 2016, but birth rates didn't pick up as much as expected because of high cost of raising children.
- brobinson 7y ago
  33% of the PRC's population will be over 65 years old in 2050. The PRC has been below the replacement birthrate (2.1 children per woman) since 1991. There is an economic reckoning coming from the seismic demographic shift. No other country in recorded history has aged so fast at such a scale.

And the population is aging fast How is it that Chinese people age faster than Western people? Is it the health care system? Nutrition? Lack of access to preventative medicine?

jankeymeulen 7y ago
1 child policy. The population pyramid is inverted, so the average age is increasing.
- chlee 7y ago
  Exactly like you said. The 1 child policy is leaving China with a low birthrate and hence an increasing smaller population of young people. The problem is further compounded when Mao encouraged Chinese people to have as many children as possible, which lead to ~6 childbirths per women in the 1960's. This means that, at some point, there will be too many old people to be supported by too little young people. Japan is facing similar population issue for example. Now, with the population index slowly inverting, China is running out of time to grow rich before it grows old. Otherwise, its social infrastructure will at some point become overburdened by old people who require care/safety net and not enough young people to to provide that care/safety net (either directly as children taking their aging parents or indirectly by paying taxes). Also, China needs to figure out how it can overcome the middle income trap. Otherwise, its growth potential is severely limited, and could be more fuel being added to the rapidly aging population problem.
- BurningFrog 7y ago
  The 1 child policy was abolished in 2016. https://en.wikipedia.org/wiki/One-child_policy#Abolition https://en.wikipedia.org/wiki/One-child_policy#Abolition
  - Mirioron 7y ago
    And the direct impact of it will still be felt for another 70-80 years.
kayaeb 7y ago
A chinese person does not age faster. The chinese people are aging faster because they have less youth than is needed to pay for the social support for the generations approaching retirement. In response the 1.5 child policy was dropped around 2016, but birth rates didn't pick up as much as expected because of high cost of raising children.
brobinson 7y ago
33% of the PRC's population will be over 65 years old in 2050. The PRC has been below the replacement birthrate (2.1 children per woman) since 1991. There is an economic reckoning coming from the seismic demographic shift. No other country in recorded history has aged so fast at such a scale.