China’s economy under strain of aging population
Updated: Nov 3, 2020
As China ages, their need for elderly care options has forced them to look abroad, a boon for Australia, as they are a regional leader in aged care solutions with ties to healthcare providers in multiple neighbouring countries.
June 25th 2050
China’s population has declined by about 1 million per year since 2020 leaving them now with a lopsided demographic tree and a much older median age. China has approached Australia about becoming a recipient partner in our aged care exchange program, and is interested in tapping into Australia’s network of trained aged care professionals from the Philippines, Indonesia and other island nations. In order to keep its economy afloat, China needs to keep it’s working aged citizens contributing to the GDP and not performing care roles at home.