China Defends Tech Crackdown in Meeting With Wall Street Chiefs – Bloomberg

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Fink was also among members of the U.S. delegation who raised the need for China to put in place a financial safety net for its aging population to ensure they are well looked after economically when they are retired, the people said. According to China’s recent population data, the number of residents aged 60 and above has risen 47% over the past decade to 260 million, more than 18% of its total population. By 2050, it is forecast to nearly double to almost 500 million.

Aging China Relies on ‘Young Old’ to Take Care of Oldest Seniors

— With assistance by Dingmin Zhang

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