China’s Aging
Pressure
3 November
2006
According to the
latest fiture, China now has 100 million
people aged 65 or over, 5 times of the
total population of Australia.
In provincial
capital Huangzhou, for nstance, the
latest figures released by the local
statistics show that a typical family
structure is "4:2:1", ie. four
elderly people, one young couple and a
child.
The average life
expectancy for Chinese, according to the
figure released in 2003, is 71.40 years.
For a low ranking public
servant, when she retired at the age of
50 in 2004, she collects a monthly
pension of over 1100 yuans. So in next 21 years, the total
payment to her will amount to 300,000
yuans (about 37,000 usd, or 50,000 aud).
Try to multiple this with, maybe not 100
million, but half of it.
In face of the
increased economic pressure caused by the
rapidly aging
society, China is reportedly
looking into a possibility of delaying
retirement age.
China stories are
told at wenhousecrafts.com
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