Govt investing heavily in aging baby boom generation

China will be throwing some gold at its silver population.

The country will build four state-level demonstration bases in Beijing, Tianjin, Chongqing and Jiangsu this year to deal with its aging population, an official with the Ministry of Civil Affairs (MCA) said yesterday.

The centers could function as prototypes for future care of the aged. "We want to turn elderly care services into an industry in the long run," said Wang Hui, with the MCA's social welfare and philanthropy undertakings promotion department.