China is famous for its "one child" policy, but in the wake of supporting a country filled with an aging population, Shanghai has recently been encouraging couples to have a second child despite the population control regulations.
In 1975, China's population over 50 had an average of 7.7 working-age adults to support them; today, that figure is down to 1.6. That's clearly the reason behind Shanghai's abandonment of population-control policies; the Center for Strategic and International Studies says that China will have over 438 million individuals over 60 by 2050. That's a lot of people out of the working world!
Population Control Changes
Shanghai Encourages Second Child to Displace the Aging
Trend Themes
1. Aging Population - Disruptive innovation opportunities include healthcare solutions, assistive technologies, and age-friendly products and services.
2. Population Control Policies - Disruptive innovation opportunities include family planning technologies, reproductive health services, and policy support systems.
3. Demographic Shift - Disruptive innovation opportunities include elderly care facilities, retirement planning services, and intergenerational programs.
Industry Implications
1. Healthcare - Disruptive innovation opportunities include telemedicine, remote patient monitoring, and personalized medicine.
2. Technology - Disruptive innovation opportunities include artificial intelligence, robotics, and data analytics for population trends.
3. Social Services - Disruptive innovation opportunities include community-based care, support systems for the elderly, and caregiver training programs.