A fund dedicated to help the aged in need in China was launched Saturday in Beijing.

The first ever national fund, jointly established by the China Aging Development Foundation (CADF) and the Beijing Putiye Culture Development Co., Ltd. and various other enterprises, is designed to assist the governmental sections in subsidizing basic life expenses for the needy senior citizens, especially those still living under the poverty line.

According to sources quoted by Xinhua news reports, China now faces a growing challenge in its aging population, with the number of people above 60 surpassing 144 million already. The aging problem, extremely unbalanced throughout the country, is becoming increasingly serious. Senior citizens are confronted with various difficulties in terms of living condition and health.

"To address the problems faced by the aged group in need, we need more concern and participation from all walks of life rather than simply relying on government subsidies," said Li Baoku, the president of the CADF. Li called on those with loving hearts to play a more active role in public welfare activities.

CADF is a registered non-profit social organization that seeks assistance from individuals and groups at home and abroad who care about the senior population. It assists the government in promoting the development of social welfare, healthcare, and education about how best to assist the old.

(CRIENGLISH.com April 30, 2007)