China’s official Beijing Daily newspaper reported that the Chinese capital is expected to become a “super-aged” city by 2035, when residents aged 60 and above are projected to account for around one-third of its total population.
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Chinese policymakers have made population planning a key part of the country’s economic strategy. Reuters estimates that the government could face a total potential cost of around 180 billion yuan ($26.92 billion) this year to encourage births.
The newspaper reported on Saturday that one in every three residents of the Chinese capital will be aged 60 or older by 2035.
Beijing had 5.29 million permanent residents aged 60 and above at the end of last year, accounting for nearly a quarter of the city’s population, the newspaper said.
The report added that the city government is expanding support for older residents, including increasing the basic pension.
China’s population has been declining since 2022, alongside an acceleration in population ageing. This presents major challenges for Beijing’s plans to boost domestic consumption and rein in debt, as hundreds of millions of people are expected to leave the workforce while pension budgets face mounting pressure.
Demographers and economists say that fewer children today could mean fewer households and slower consumption growth over time.
