While Shanghai may appear from afar as being populated by the young and hip, the big city’s population is actually an old one and getting older.
According to Shanghai’s statistics bureau, 35.2 percent of registered city residents are aged 60 or above for a total of 5.18 million elderly people living in Shanghai by the end of 2019.
Shanghai, like China as a whole, is facing an impending demographic crisis as a larger and larger percentage of its population moves into retirement to be supported by a smaller and smaller working-age population.
For context, China has one of the world’s earliest retirement ages: 60 for men, 55 for white-collar women, 50 for blue-collar women.
Meanwhile, life expectancy in the city is at 83.66 years for men and 86.14 years for women. There are 2,729 registered centenarians living in Shanghai (2,051 of them being women).
To try to correct this trend, the Chinese government scrapped its infamous “one-child policy” in 2015 but has since had a difficult time of convincing couples to have more than one kid because of the cost of raising a child in modern China.
Of course, in few places is that cost higher than in Shanghai.