The Government should prioritise the development of pension and medical services to support its rapidly ageing society, according to Zhang Shaobai, general manager at Chinese Life Pension Insurance Guizhou province. Zhang noted China’s society is experiencing the fastest rate of ageing in the world and needs support to adequately deal with the new challenge. Policymakers face a complex situation due to fast urbanisation and disparities between rural and urban areas. China’s elderly will benefit from holistic integration of policies and resources across state and private sector, Zhang said. (Source: 21st Century Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com

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Lewis Porylo

Lewis covers the Chinese economy for MNI from Beijing

MNI Beijing Bureau | lewis.porylo@marketnews.com

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China’s Aging Society Needs Support