Russell Hsiao: Even as the Chinese economy under the Hu-Wen administration is set to wean through the global financial crisis with a remarkable eight percent growth rate this year, senior officials from the Ministry of Civil Affairs under the jurisdiction of the State Council, which is responsible for social and administrative affairs, revealed that China's aging population—people older than 60 years old—reached 12.79 percent (169 million) of the total population at the end of 2008 (Xinhua News Agency, October 26).
That equates to almost half the US population.
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