Data from the Ministry of Civil Affairs (MCA) indicates that China’s population of elderly people is on track to approach a third of a billion during the 14th Five Year Plan scheduled for the period from 2021 to 2025.
MCA data indicates that China will transition from a “mild elderly population” to a “moderate elderly population” during the 14th Five Year Plan, and that during this period its total elderly population will breach the 300 million threshold.
As of the end of June China was host to 220,000 aged care services institutions and facilities for a YoY rise of 26.6%, and over 7.9 million aged care service bed positions, for a YoY rise of 7.7%. Over 50% of bed positions in China’s aged care sector are operated privately.
