With a rapidly aging population, the proportion of people aged 60 and above is expected to increase from 21.3% in 2023 to 30.0% by 2035. This demographic shift places significant strain on the country’s pension and healthcare systems. Aging Population: By the end of 2023, nearly 300 million people in China were aged 60 and … Continue reading HISTORIC MOVE: China to Drastically Raise Retirement Age After Four Decades