Financial security of elders in China

This paper introduces the rapid demographic changes of the Chinese population and the current financial security of elders in China. [...] The important issues of financial security of elders which the Chinese government should address in the near future are discussed in Part Three and in Part Four, the paper concludes with a consideration of the results of the social welfare system reform by Chinese government and future research interests from a geographer’s perspective. [...] The increasing speed of the relative growth of the elderly aged 80 and over is two times that of the elderly aged 65 and over, and the more oldest old there are, the more services and resources have to be provided (Zeng, 2004). [...] More and more young people in rural areas migrate to urban areas, which means the proportion of the elderly population and the speed of population ageing are higher in rural areas than in urban areas. [...] Initially, as the fertility rate fell because of the “one child” policy, the proportion of the labour force increased and will continue to do so in the near future.