Saturday, 17 March 2012

China's pension system waltzes into crisis


According to official statistics, there are currently 167 million Chinese over 60.
By the year, 2050, that figure is projected to increase to almost 400 million - a quarter of the population.
One of the main reasons for the greying of China's population is the country's population controls, which mean that fewer young people are being born.
That includes the one-child policy, which mostly affects families living in urban areas.