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China, on the other hand, faces a different set of challenges, and they serve as a "test case" for a different tier of nations. First, like much of the developing world, individual longevity in China has increased with extreme speed. Over the last fifty years, life expectancy has shot up from 40 to 70 on average. Recent improvements in health, medicine and sanitation are enabling lives to extend far longer than they did just a generation before.
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When population aging is factored into the equation, a new universe of questions arise with China and Japan, and suddenly these two countries no longer have foretold futures. Instead, they become the world's first "test cases" with population aging; they become experiments, in a way, that will teach the world how to re define aging in order to keep older adults integrated in economic life.
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The global competitive balance of the 21st century is going to look very different than it does today, and China and Japan are going to play integral roles in shaping it. How and to what extent they are able to tap into the potential of aging populations will tell much of the story. And how and to what extent the rest of the world pays attention will tell the rest.