posted on Apr, 27 2004 @ 01:02 PM
China may grow old before it gets rich, new study warns
Faced with a population ageing at an unprecedented rate, China has been warned it may grow old before it has a chance of reaching widespread
"Today's great powers became affluent before they became ageing societies," say the US demographers Richard Jackson and Neil Howe in a new study.
"China may be the first major country to grow old before it grows rich."
The proportion of over-60s in the population will rise from the current 11 per cent to 28 per cent - and possibly even as high as 32 per cent - by
2040, the year when communist leaders are confident that fast growth will have brought China close to challenging the economic power and strategic
size of the United States.
In some ways Chinese citizens will fare no better than the no-independently-wealthy American citizens. The article states that social security in
China is a sham and most deposits into the fund are used for other purposes. Who says our two governments aren't that similar???
The interesting problem is that Chinese elders are reliant upon their children to take care of them. That, from what I understand, is Chinese custom.
The higher lifespan of humans combined with the forced one-child requirement in China since the late 19070s means that nowadays, the child has to
take care of the parents and the grandparents. This is further compounded by the fact that female fetuses were usually aborted as couples were
striving to have a son. As the article states, females are the primary caregiviers to the edlerly - they will soon be in short supply.
I can see our agencies trying to jump on this angle somehow to ensure that China does not grow richer first.