Beijing population to become super-aged by 2035

Beijing is expected to become a super-aged society by 2035 as residents aged 60 and above reach one-third of the population. The demographic shift complicates broader economic strategies amid a rapidly ageing national populace.

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FILE PHOTO: Elderly people dance at a park in Beijing, China January 16, 2024. REUTERS/Tingshu Wang/File Photo

China's capital Beijing expects one-third of its population to be aged 60 or above by 2035, reaching super-aged status, according to the Beijing Daily. The demographic shift places pressure on pension budgets as policymakers target 180 billion yuan ($26.92 billion) in birth-boosting expenditures this year. The aging trend across USD/CNH markets complicates broader economic plans to stimulate domestic consumption and manage debt.

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