China's Gray Revolution - Why China May Invent the New Business of Aging

China negotiations tend to focus on size - a nation of more than 1.3 billion people deserves the attention of businessmen and investors around the world. However, ‘whole’ numbers reveal little about the social and market fluctuations or opportunities they can present.

China is facing a 'gray' transition. While discussions on aging and innovation are likely to focus exclusively on the developed economies of Europe, North America, Japan and the Asian tiger economy, China may be a place to look, and for new innovators to engage in new aging. Integration - statistical change, family flexibility, and institutional readiness provides a promising market for innovation in healthcare delivery, aged care and aging services.

Disturbing population figures in the Middle Kingdom

Gray China - Asia Studies Monitor data shows that life expectancy in China was 41 years old compared to 65 and older in Europe and North America in 1950. China closes long-term life gap. Today, life expectancy in China has reached almost 79 years compared to 82+ years in the western industrial economy.

According to the United Nations, the number of people over the age of 60 in China is estimated at 167 million. Just think - the whole nation of older people is older than the German and French population combined. In just 10 years, the number of Chinese adults is expected to be 248 million and by the middle of the century 437 million people or more of the United States population predicted by 2050.

Global Living but Alone Alone  

Two social and economic factors shape China's aging today: fewer children and economic development. The commonly quoted single-family policy, introduced in 1979, has been effective in controlling population growth. It also resulted in a significant change in China's support rate (the number of working people compared to the number of people over the age of retirement). According to the Center for Strategic and International Studies, the Chinese support rate is more than 5 working people per adult, by 2030 it could be only 2.5 working adults, and by the middle of the ~ 1.6 years working age for all adults over the age of adoption retirement. .

Globalization is making a difference even in traditional families. Economic opportunity is growing rapidly in the urban areas of China. Remuneration of young workers may be 3X higher in cities than in rural areas. As a result, many older children leave the family home to work in other circuits. An unusual number and number of elderly Chinese aging alone. An estimated 80 million older adults (in the country 167 60+ million) live alone, China Daily reports. If accurate, these figures represent more than 47 percent of adults who are elderly alone compared to 30 percent of older people who are “home alone” in the United States - a major challenge to popular belief that family culture and traditions shape the future of aging around them. Earth.

Care Gap 

The family has been providing care for the elderly. As a result, China has an undeveloped aging services system. Today there is a growing gap in care to meet the daily and long-term care needs. Top community centers are slowly growing in cities and rural areas. China's National Aging Committee estimates that some 25 percent or 30 million elderly people need long-term care because of disability and illness. Compared to 50-70 long-term care beds per 1000 adults in the industrial economy, there are only ~ 10 per 1000 adults in China. 2008 data shows that most of these beds are full.

Establishing a New Age Older Factory in China

An underdeveloped network of aging services and related facilities is a problem in China, but it could also be an opportunity. Institutions are often biased in favor of a 'yesterday' explanation of the problem and a list of yesterday's solutions available. Simply using models of aging services from other nations, many of which were designed in recent decades, will not meet China's needs. Aging in China will require new engineering organizations that include public and private providers, services and technologies. The Chinese census need to do something now, besides the real legacy of service providers married to established processes and technologies, is an opportunity to start a new aging business. Recognizing the obvious need, China's Department of Public Affairs Wang Hui announced in an interview with the People's Daily "We want to transform the care of the elderly into an industry over time."

Insight & Innovations

What are the opportunities for innovative partnerships between private and public companies, technology and support services for older Chinese people? Remote family care, health and well-being and aging services are three categories that can harness existing Chinese power, many international companies, NGOs and technology to use the Chinese nursing services industry in the near future.

Remote Family Care 

 Chinese family structure 4-2-1, four elderly parents, a young couple, with one child is an Asian sandwich generation. Insurance providers currently offering healthcare products in China, e.g., Allianz, Ping An, may find that their growing market for young urban consumers is a marketable opportunity for the product to provide home care services to their parents living nearby or in a remote region. Some firms can get family care services close to their main business banks and money transfer agencies that facilitate the transfer of funds from children working in cities to their rural parents. Insurance brokers and banks can meet these requirements and obtain home-based care, care and other services from authorized independent providers.


Chinese aging is not just about the elderly. It is about the well-being of all Chinese people and its impact on the global economy. Changing demographics, lifestyles, and institutional readiness to innovate transforms Unusual Economy.


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