Researchers at Abbott Laboratories in Shanghai are busy testing flavors of nutritional drinks for China’s senior citizens. Kimberly-Clark Corp. has launched television ads for its Depend adult diapers and expanded distribution online. Local e-commerce companies like Alibaba Group Holding Ltd. and JD.com Inc. are rolling out senior-focused marketing pushes.
The companies are after the growing ranks of people born during a Mao Zedong-inspired baby boom that took the country’s population to nearly one billion people in 1980 from 542,000 in 1949. China’s birthrate dropped sharply during the 1970s and 1980s as the government reversed course and implemented a one-child policy.
The boomers are now hitting old age: China’s over-65 population is projected to soar to 210 million in 2030 from 110 million, and by 2050 will account for a quarter of China’s total population, according to United Nations data. By then, the U.N. says, China’s elderly population may exceed the entire U.S. population.
“What has us interested…is that half a billion people over the age of 60 will be living in China over the next 35 years,” said Scott White, president of Abbott’s international nutrition division.
via Tapping China’s ‘Silver Hair Industry’ – China Real Time Report – WSJ.
(Reuters) – China will set up a government venture capital fund worth 40 billion yuan (4 billion pounds) to support start-ups in emerging industries, in its latest move to support the private sector and foster innovation.
“The establishment of the state venture capital investment guidance fund, with the focus to support fledging start-ups in emerging industries, is a significant step for the combination of technology and the market, innovations and manufacturing,” China’s State Council, the cabinet, said in a statement.
“It will also help breed and foster sunrise industries for the future and promote (China’s) economy to evolve towards the medium and high ends,” it said in the statement published in the government’s website, http://www.gov.cn, referring to sectors which the government is promoting such as technology and green energy.
The government issued the statement after a meeting on Wednesday. It did not give a timetable, but past experience has shown that such a fund could be established within a few weeks after an announcement.
China’s venture capital market remains small, the legacy of the country’s decades of the planned economy in which private sector’s development is largely subject to a great variety of restrictions.
via China to create $6.5 billion venture capital fund to support start-ups | Reuters.
Mastery of the Tibetan language will become a requirement for non-native cadres in China’s Tibet Autonomous Region.
All seven prefecture-level cities in Tibet have started organizing Tibetan language training for non-native cadres, according to the regional bureau of compilation and translation on Monday.
Qoizha, deputy director of the bureau, said they have handed out 40,000 books on basic Tibetan language for daily conversation.
President Xi Jinping stressed at a conference on ethnic work in September 2014 that in ethnic regions, ethnic minority cadres should learn Mandarin, and Han cadres should also learn ethnic languages. The language skill should become a “requirement” for cadres.
“One cannot serve the local people well if one cannot speak the local language,” Xi said.
Tibet has adopted a bilingual policy since the regional legislature passed a law in 1987 stipulating both Tibetan language and Mandarin as official languages in the region.
Qoizha said over 90 percent of Tibet’s population of 3 million is of Tibetan ethnicity. Breaking the language hurdle can help non-native cadres better interact with local communities.
In the past 20 years, close to 6,000 cadres and technical professionals from various Chinese provinces and municipalities have been sent to help develop the southwestern autonomous region of Tibet. Cadres usually stay in the region for three years.
via Han cadres required to learn Tibetan language – Xinhua | English.news.cn.
A group of “mobsters” on Monday tried to set off an explosive device in a business district in China‘s troubled western region of Xinjiang, prompting police to shoot six of them dead, the local government said.
Hundreds of people have been killed in resource-rich Xinjiang, strategically located on the borders of central Asia, in violence in the past two years between the Muslim Uighur people who call the region home and ethnic majority Han Chinese.
The government has also blamed attacks elsewhere in China, including Beijing, on Islamist militants from Xinjiang.
Monday’s violence came two months after 15 people were killed when a group threw explosives into a crowded street of vendors selling food in Xinjiang.
Police in Shule county, south of the old Silk Road city of Kashgar, had acted on a tip-off about “a suspicious person carrying an explosive device”, the Xinjiang government said on its official news website.
An axe-wielding individual tried to attack police officers and set off an explosive device, prompting the officers to shoot him, the government said.
via Police in China shoot dead six in restive Xinjiang | Reuters.