Crossing Continents

China: Too Old to Get Rich?

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Sinopsis

In this week's Crossing Continents, Mukul Devichand tells the stories of Shanghai's rapidly ageing population. China's natural ageing process has been accelerated by the One Child Policy. Mukul tells the stories of an ageing city and asks whether China's rapid economic growth could be undermined.Shanghai's image is youthful and contemporary, of a globalised metropolis buying into a new lifestyle at chains like Ikea. But the Ikea Shanghai store is home to a different category -- and age -- of customer. The store canteen has become a meeting point for elderly singles, looking for love and friendship. It's a story repeated across Shanghai: in places you may expect to millions of young people, you'll see the elderly. Like the rest of urban China, Shanghai is growing old. A quarter of the city's resident population is now retired, putting it in the same demographic league as countries like the UK or Germany. But ageing in China is different. Its fertility rates have dropped at a speed unprecedented in modern hist