Beijing, Oct 2 (IANS) China will have 240 million people aged 60 or above by 2020.

By 2020, senior citizens will make up 17 per cent of the population, Xinhua news agency on Sunday quoted Liu Qian, deputy head of the National Health and Family Planning Commission, as saying.

Liu said there were more than 260 million chronically ill patients in the country. These illnesses were to blame for over 86 per cent of deaths in China.

Liu said the per capita annual spending on health was estimated at around $472 last year.