Ammon News - The Chinese capital Beijing is expected to become "super-aged" by 2035, with around one-third ​of its population aged 60 and above, ‌the official Beijing Daily reported.

Chinese policymakers have made population planning a key part of the country's economic strategy, and ​this year the government faces a ​total potential cost of around 180 billion yuan ($26.92 ⁠billion) to boost births, according to Reuters ​estimates.

One in every three residents of the Chinese ​capital will be aged 60 or above by 2035, the Beijing Daily reported on Saturday.

Beijing had 5.29 million ​permanent residents aged 60 and above at the ​end of last year, almost one-quarter of its population, the ‌newspaper ⁠said.
The city's government is stepping up support for elderly residents, including raising the basic pension, the report added.

China's population has been shrinking since ​2022 and ​is ageing ⁠rapidly, complicating government plans to boost domestic consumption and rein in debt, ​with hundreds of millions of people ​set ⁠to leave the workforce at a time when pension budgets are already stretched.

Demographers and economists argue ⁠that fewer ​children today could mean ​fewer households and slower consumption growth over time.


Reuters