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Aging China, Capitalist China: Why Beijing Sees Business Opportunity In Getting Old

By 2034, there will be 400 million people in China over age 60. And now, it seems, the state has finally decided to open up the business of caring for the elderly. What that means.

Old man in Guangzhou
Old man in Guangzhou
Zhou Tian

BEIJING — Thirteen years after China crossed the demographic threshold to become an “aging society,” the shortage of elderly services has become increasingly acute.

Chinese authorities have recently begun to react. Earlier this month, while chairing the State Council’s executive meeting, Premier Li Keqiang said that the Chinese government will change the current “single-handed” approach and promote a “retirement services industry” by setting up specialized pension institutes and encouraging foreign capital investment in these services.

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A man walks on a tank left behind by Russian troops, on display in Kyiv’s Mykhailivska Square.

Lila Paulou, Lisa Berdet and Bertrand Hauger

👋 Hej!*

Welcome to Tuesday, which marks three months since the war in Ukraine started. Meanwhile, BoJo is in trouble again, and millionaires at Davos ask to be taxed more. Persian-language, London-based media Kayhan explores what the future of Lebanon could look like after the election defeat of Iran-backed Hezbollah.

[*Swedish]

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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