[SAIF ThinkTank Brief Report] Issue 25 - Current Situation, Prospects, and Strategies for the Development of the Intelligent Elderly Care Industry

Recent national population survey data indicate a continuous rise in the proportion of elderly people in China. According to the National Bureau of Statistics in 2022, China's population aged 60 and above reached 280,040,000, marking an increase of 12,680,000 from the previous year, accounting for 19.8% of the national population, a rise of 0.9 percentage points from the previous year. Additionally, the population aged 65 and above reached 209,780,000, indicating a 0.7 percentage point increase from the previous year. Aging has become and will continue to be a prominent and enduring national demographic trend in China. Properly addressing the needs of the elderly during their old age, catering to their diverse requirements, and establishing a comprehensive policy system and nurturing social environment that embodies care, filial piety, and respect for the elderly have emerged as pressing social issues.

[SAIF ThinkTank Key Insight] Issue 13 - The Pathway and Opportunity of RMB Internationalization in the Era of De-dollarization

Being the world's major international currency, the U.S. dollar has played a pivotal role in international trade, reserves, and finance for numerous years. The concept of "de-dollarization" emerged after the collapse of the Bretton Woods system. In recent times, with the increasing prevalence of financial sanctions and monetary policies being weaponized through the U.S. dollar, the momentum of "de-dollarization" has gained traction. Many countries are now intensifying their efforts to expand local currency payment and settlement options. However, it's essential to grasp the true essence of "de-dollarization", which involves not only reducing the use of U.S. dollars for payments and settlements but, more importantly, decreasing reliance on the U.S. dollar system concerning reserve currencies and investment and financing. In other words, it's about breaking free from the dominance of the U.S. dollar financial system, which is a challenging goal to achieve in the short term. Meanwhile, China must continue to work towards establishing an open and modernized RMB financial system.