Tag archives: aging

A much healthier and more complementary pension system is taking shape in China due to the rolling out of a private pension scheme to better support the aging population. The State Council on Thursday released a guideline on pushing forward the development of private pension scheme, which is recognized as an important supplement to the nation"s existing pension system. According to the guideline, residents covered by the State pension system can open a personal account at an online platform built and run by the Ministry of Human Resources and Social Security. People can then open an individual financial account at

The world is now witnessing an accelerated aging process. It is estimated that the population of those aged 60 and above will more than double from the current 962 million to 2.1 billion in 2050. It will triple to 3.1 billion by the year 2100. It is also clear that the aging population is gradually shifting from developed countries to developing countries. By 2050, the growth rate of the population aged 60 and older in developing countries is projected to reach 82.9 percent, while the figure in developed countries will be only 14.3 percent. In the future, about 81.5 percent