Dragon’s new worry is increase in elder population

China is facing blame from all nations on eruption of Wuhan Virus. After that territory land disputes with neighbors include India, Bhutan and others. Now, it is facing fresh and serious concern internally that rapid increase in age old population in China. 

The country’s size of workforce is getting smaller on each passing year. As per the expectations, elderly population in China might cross 300 Million marks by 2025. China's retirement age has remained unchanged 60 years for men and 55 years for women civil servants & white-collar workers since four decades.

China is looking to increase the retirement age for the people as part of the solution. But Chinese people express their anger over the decision. The most worrying factor for Chinese Communist Party (CCP) is that state pension fund could run dry by 2035. The fertility rate in China is at all-time low. China’s birth rate has dropped to the lowest since 1949. Those born in 1980’s could become first generation in modern China get no pension if they retire. The most populated country seems to encourage people for more new borns.

China is planning to include new measures to encourage more births and address its rapidly aging population as part of its new five year plan 2021-2025. China introduced a controversial “one-child policy” in 1978, saying efforts to reduce poverty and develop the economy. China will offer extensive financial and policy support to encourage couples to have more children. More inclusive population policies will be introduced to improve fertility, the quality of the workforce and the structure of the population. Demographers also predict that on current trends, the number of people of working age could decline by 200 million by 2050.