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China faces an urgent need to reform its pension system and improve eldercare to deal with a rapidly aging population China’s senior population,60 or older,reached 200 million in September2013 and nationwide an average of24,800 people retire every day,equaling nearly one person every second,said Hu Xiaoyi,Vice Minister of Human Resources and Social Security,at a forum on China’s aging society in Beijing on November 2.Driven by sustained increases in average life expectancy,low birth rates and accel-
China faces an urgent need to reform its pension system and improve eldercare to deal with a rapidly aging population China’s senior population, 60 or older, reached 200 million in September2013 and nationwide an average of24,800 people retire every day, equaling nearly one person every second, said Hu Xiaoyi, Vice Minister of Human Resources and Social Security, at a forum on China’s aging society in Beijing on November 2. Driven by surviving increases in average life expectancy, low birth rates and accel-