China's population aged 60 and above reached nearly 297m in 2023, accounting for 21.1% of the total, according to an official report released jointly by the Ministry of Civil Affairs and China National Committee on Ageing.
More specifically, the document on the development of the country's work on aging in 2023 stated that the number of people aged 65 and above reached 216.76m, accounting for 15.4% of the total population, reported Xinhua News Agency .
The report shows that China's pension insurance coverage has continued to expand. As of the end of 2023, the number of people participating in basic pension insurance nationwide reached 1.066bn, an increase of 13.36m compared to the end of the previous year.