In the late 1970s and early 1980s, the government advocated a "later, longer, fewer" lifestyle, encouraging people to marry later, have wide gaps between children and fewer children overall. It also instated the controversial one-child policy. These were attempts to curb population growth in a bid to help modernise the economy.
Chinese women are having fewer children, but having a smaller generation follow a boom generation - and longer life expectancies - means that by 2050, it is expected that for every 100 people aged 20-64, there will be 45 people aged over 65, compared with about 15 today.
Use the slider below the graphs to see how China's age structure is changing
We are good now. We have our pensions and shouldn't need financial support from our son and daughter-in-law in the future. We will try our best not to bother our son and his wife in our old age. But personally we would prefer to be looked after at home rather than the care homes.
We are trying to save as much as we can as well as staying as healthy as possible so we would have a comfortable old age, also not to rely on our daughter and son-in-law when we get older both in money terms or physically.
At the moment we feel OK. Our parents are in their late 50s, some of them are still working and they should have enough pensions to support themselves financially when they all retire.
But we do feel tremendous pressure when they get older and become more fragile.
For instance, we can cope if one of them is ill, but we would definitely struggle if more than one of them is sick at the same time because there are only two of us to take care of four of them.
That's going to be very difficult indeed!
Our daughter is too young to know these things.
In order to shift the burden from her shoulders in the future, we are considering having a second child maybe in a few years' time when she is a bit older.
So we would have two children to share the responsibility of looking after us instead of one, although we wouldn't want to put any pressure on our children at all.
China's fertility rate - the average number of children a woman has in their lifetime - is 1.6, which is lower than the rate in the UK and the US.
The Chinese government believes the one-child policy curtailed population growth, and that it prevented 400 million extra births.
The BBC asked Cai Yong, a population expert at the University of North Carolina, to estimate what the country's population growth would have been without the one-child policy.
His findings suggest that China's fertility would have declined at a similar rate without the one-child policy and would continue to decline even if the policy was discarded.
How did the one-child policy affect population levels?
Cai Yong writes:
The UN's Population Division and statisticians from the University of Washington developed a set of sophisticated models to predict a country's future fertility based on its fertility change history and fertility trends in all other countries.
Applying the same model to China, assuming we only know its fertility history prior to the one-child policy, we can "predict" China's fertility level since. The "predictions" can then be compared with what really happened.
China had a remarkable success in fertility reduction in the 1970s, before the introduction of the one-child policy: China's fertility dropped from 5.8 children per woman in 1970 to 2.7 in 1978.
The model suggests that fertility would have continued its decline without the one-child policy, and possibly would have declined even faster.
This last point seems to be counterintuitive, but one explanation could be that the policy caused anxiety among the population, which prompted many to have children at an earlier time. There was a decline in age at first marriage and age at first childbearing in the 1980s.
Many exemptions to the one-child policy are made depending on location, job and the sex of your first child. Families who are not subject to any exemption can, if they can afford it, pay the fine for breaking the one-child rule and have more children. However, the policy took a toll on many families.
Critics point to the measures taken to ensure its implementation, including forced abortions, sterilisations and sex-selective abortions, which have skewed China's sex ratios; the latest census figures suggested nearly six boys were born to every five girls.
Fertility decline is a global phenomenon: most developing countries experience fertility reduction without any draconian governmental measures.
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