China exceeds 14th Five-Year Plan target for nursing beds in elderly care institutions by 2023.

By the end of 2023, China achieved 58.9% of nursing beds in elderly care institutions, surpassing the target of its 14th Five-Year Plan. This progress stems from significant investments, including 303,600 beds established in senior homes since 2021 and renovations of 1.72 million homes for seniors with special needs. China's elderly population, currently nearly 300 million, is expected to reach 400 million by 2033 and 500 million by 2050, representing about 35% of the total population.

September 10, 2024
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