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In 1999, China had entered the population aging phase. This continues to exacerbate, with about 7% of the total population above the age of 65. This number has increased to 17.8% with estimations of 38.8% by 2050. This has caused a huge age gap within the society; the younger generation does not have the time and financial abilities to care for their elders. Additionally, the government is not providing enough financial aid for support of construction on elderly healthcare infrastructure. This causes elders to face many problems such as, lack of care and psychological problems. The aging of the Chinese population potentially will reduce economic growth.
Jiaze Ni (Sat,) studied this question.