With the end of pandemic control measures severely reducing the demand for medical testing services, China’s laboratories are facing massive declines in revenue and laying off large portions of their staff.
China’s demographic structure is gradually shifting towards an inverted pyramid shape as its population is greying faster, central bank adviser Cai Fang says.
China News: The ageing population in China poses a significant challenge to the country's economic growth model. With a declining workforce and strained pension budgets, policymakers face structural imbalances that need to be addressed. Find out more about the implications and potential solutions.
There is a growing trend for young adults who cannot find a job returning to live with their parents – often doing chores in exchange for an allowance,