ABSTRACT
The People’s Republic of China (PRC), home to over 40% of the Asian population aged 60 and above, faces a looming crisis to provide old age pensions for its 1.33 billion citizens. The one-child policy enforced since the late 1970s followed rapid population growth in the 1950s and 1960s. This, together with much improved life expectancy, will signifi cantly skew the PRC’s population pyramid in the future (Figure 2.1 ).
