The graph above shows the extent of the ageing population in the China. An ageing population would be a problem in any economy but especially in China as they respect their elders enormously and are expected to provided for them after retirement even suing their children if they do not.
With the average pension being just $8.75 a month, the ageing population will learn on the younger generations more than ever. With the ageing population predicted to grow with 480 million people over 65 by 2050 this is a concern for China.
– Kaneda, T., (2006). China’s Concern Over Population Aging and Health. Available: http://www.prb.org/Articles/2006/ChinasConcernOverPopulationAgingandHealth.aspx. Last accessed 08/05/2013.
– Wee, D., (2012). China’s rocketing elderly population prompts a rethink on pensions . Available: http://www.guardian.co.uk/global-development/2012/oct/01/china-elderly-population-pensions-rethink. Last accessed 08/05/2013.