China adopts comprehensive population development reforms, including a long-term care insurance system and AI-enhanced elderly care, to address its aging population crisis.

China's government is tackling its aging population crisis with a series of reforms covering the full life cycle, from childcare to elderly care. The measures, part of a key resolution adopted at the 20th Central Committee of the Chinese Communist Party, include optimizing the supply of basic elderly care services, developing the silver economy, and establishing a long-term care insurance system for seniors with special difficulties. China is also seeking to increase support for childbirth, childcare, and education to counterbalance its rapidly aging population, building a more comprehensive population development system. The government is investing in AI technologies to enhance the elderly care business, particularly in areas such as smart household products, wearable devices, and robots. By 2035, China aims to expand the silver economy to reach about 30 trillion yuan.

August 08, 2024
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