Hong Kong in quest for youth as ageing population looms
HONG KONG (AFP) - Schools replaced by care homes and a once-vibrant economy dulled by one of Asia's oldest populations: experts fear this is the Hong Kong of the not-too-distant future.
One in three people in the city is expected to be 65 years old or above by 2041, threatening to curb economic growth in the major financial hub, the Hong Kong government has warned.
"It is a huge concern for our population development," Hong Kong University social sciences professor Paul Yip told AFP, explaining that the economy will take a hit if the ageing trend continues.
"There will be more people but less that are working, so fewer people will be contributing to the economy of Hong Kong," Mr Yip said.