China’s government finally appears to be acknowledging the urgent challenges presented by the country’s aging population. On December 12, it released a cabinet-level White Paper on the problem – the first of its kind – in an effort to grapple with the prospect of rising social-security and healthcare costs, a tightening labor market, and other potential obstacles to continue rapid economic growth.
China’s government finally appears to be acknowledging the urgent challenges presented by the country’s aging population. On December 12, it released a cabinet-level White Paper on the problem – the first of its kind – in an effort to grapple with the prospect of rising social-security and healthcare costs, a tightening labor market, and other potential obstacles to continue rapid economic growth.