Chinese executive proposes measures to boost economy linked to over-60s

Beijing, Jan. 16 (EFE).- In view of the rapid aging that the Asian giant is going through, the Chinese government has released a series of measures to boost the economy related to the over-60 population sector.

The State Council (Executive) this Monday released a document focusing on four aspects: solving the urgent problems of the elderly, expanding products for them, developing potential sectors and strengthening financial support for these industries, gauging the economic environment 21.

According to the Ministry of Civil Affairs, the Asian country has 280 million people over the age of 60, which is 19.8% of the total population.

The executive document highlights the need to focus on innovation in products designed for the elderly, the development of new forms of smart care, the rehabilitation and assistive devices industry and the anti-aging industry.

For example, healthy foods and special medical solutions adapted to the eating and chewing patterns of the elderly or the manufacture of vehicles that “meet technical standards and facilitate the seamless transportation of the elderly” are encouraged.

Likewise, the State Council emphasizes “smart devices” for home care and promotes the use of robots to care for the elderly, perform household chores, and prevent the elderly from getting lost.

Chinese authorities are pushing to strengthen research and use of genetic engineering, regenerative medicine and lasers in the field of anti-aging treatments.

The document also points out that distribution of financial products for the elderly should be increased and pension and commercial insurance products should be diversified for pensioners.

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Hu Zhuxiang, director of the Population Development Office of the National Information Center's Economic Forecasting Department, told local media that “technology is the first driver of economic growth related to people over 60 years old.”

For this reason, the Chinese executive called for the implementation of “programs to improve the digital adaptation ability of the elderly”, at a time when more and more services in China are carried out through mobile payments or through local social networks.

By 2035, it is estimated that the Asian country will have more than 400 million people over the age of 60, which is more than 30% of the Chinese population.

Officials have warned that the aging of the population poses many challenges to the delivery of public services and the sustainability of social security.

China officially lost 850,000 citizens in 2022 and ended the year with 1,411.75 million, as opposed to 1,412.6 million recorded at the end of 2021, making India the world's most populous country, surpassing its neighbours. . EFE

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