China’s ageing population: how the gravity of greying will affect nation’s plans to boost economy

Summary:
[unable to retrieve full-text content]China’s elderly population is on pace to surpass the total population of the United States in 15 years as Chinese baby boomers are set to retire, threatening President Xi Jinping’s pursuit of common prosperity and his goal to catch up with other nations in terms of economic well-being.The nation’s senior citizens, defined as those aged 60 and above – the threshold for male workers to claim pensions – will rise to 300 million in five years, up from 254 million last year, according to an estimate…

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