Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, July 25 (Xinhua) — More than 1.07 billion people in China were covered by basic pension insurance by the end of 2024, up 6.39 million from the end of 2023, Xinhua reported on Friday.
According to a report jointly released by the Ministry of Civil Affairs and the China National Council on Aging on Thursday, the country is expected to see an increase in the number of people covered by basic pension insurance, basic old-age insurance for urban workers and employees, and basic old-age insurance for enterprise workers by the end of 2024.
The report said that by the end of 2024, the number of elderly people aged 60 and above in China will reach 310.3 million, accounting for 22 percent of the country's total population. The number of elderly people aged 65 and above will exceed 220.2 million, accounting for 15.6 percent of the total population.
Meanwhile, the average life expectancy of the population reached 79 years by the end of last year.
According to the report, China has seen an improvement in its system for providing dignified old age services. By the end of 2024, there were about 406,000 elderly care institutions and facilities across the country. The number of beds for the elderly in these facilities exceeded 7.99 million. -0-
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