China – Senior Citizens’ Health Causes Concern
China had approximately 185 million people aged over 60 at the end of 2011, which was the largest aging population in the world. The UN projects the share of this elderly population in China will increase from 12 percent in 2010 to 34 percent in 2050.
A China Health and Retirement Longitudinal Study found that some 24%, or about 44 million people aged over 60 need help in their daily activities.
Link to the article:
In light of the growing economic situation (crisis) in China, coupled with a history of culling for the greater good, we’ll make this prediction:
China will be slow to make “investments” in the senior population. Healthcare included. The state will opt to drive domestic consumer consumption, which globally is focused on the middle class. In emerging and frontier markets, the middle class does not include the senior population.
Yes, ongoing efforts are directed to expand investments and development in middle class consumption of healthcare in particular, and lifestyle products and services in general.
But investments in senior healthcare will lag behind in the Chinese economy. This is also true in nearly all emerging and frontier economies…….HK
(Note: while it is challenging to classify China, the world’s second largest economy, as emerging, if you consider its per population statistics it is a developing country.)