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Beijing, September 30: On 14 December 1990, the United Nations General Assembly declared 1 October as the International Day of Older Persons. The objective of this occasion is to promote the importance of the elderly population among the people. It is estimated that by 2040, China’s elderly population may increase to 380 million and one in four people may be elderly.
Since the 18th National Congress of the Communist Party of China, the Party’s Central Committee under the leadership of Xi Jinping has formulated a national strategy to deal with population aging. In the past few years, China’s elderly care service system has improved rapidly. China has launched the elderly care service list system at the national and provincial levels, benefiting approximately 37 million elderly people. The Chinese government has invested a total of 35.9 billion yuan in the construction of elderly care service facilities.
Compared with 2012, the number of elderly care institutions has tripled and community elderly care services have covered urban communities and more than half of rural communities. Furthermore, the social security system for the elderly is undergoing continuous improvement from 2012 to 2022.
The pension insurance system for urban and rural residents has been integrated and an individual pension system has been introduced. The number of people participating in basic pension insurance has increased from 790 million in 2012 to 1.04 billion, and retirees’ pension levels continue to improve.
China has achieved universal health insurance, with basic medical insurance covering 1.36 billion people. Under the leadership of Chinese President Xi Jinping, China is working hard to find a way with Chinese characteristics to deal with the growing population. The entire society respects the elderly and provides them with the opportunity to enjoy a happy life.