China-Japan Ties: Pension industry cooperation and development
Updated 19:58, 26-Oct-2018
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As Asia's elderly grow older, many governments continue working toward measures that will help them. Cases in point - China and Japan, who are working together on pension reform. A China-Japan pension service cooperation forum was held Tuesday in Beijing. It was jointly organized by the National Development and Reform Commission(NDRC) and the Ministry of Economy, Trade and Industry of Japan (METI). With 400 representatives on hand, experts discussed the "pension service system", "healthcare development" and "intelligent pension industries" for both countries. China hopes to carry out technical cooperation with Japan to build an exchange platform for elderly care services and improve the system of elderly care personnel.
OU XIAOLI, DIRECTOR GENERAL SOCIAL DEVELOPMENT DEPARTMENT, NDRC "As society ages, it has a profound and long-term impact on economy, society and culture. In 2017, The number of people aged 60 or above in China exceeded 240 million, accounting for 17.3 percent of its population. Japan also has a rapidly aging population. To speed up pension service industry development, and to learn from each other's useful experience is important for both countries."