China's "silver economy," fueled by elderly consumers, is booming, currently valued at $972 billion.

China's aging population is driving economic growth through the "silver economy," worth about 7 trillion yuan ($972 billion), or 6% of GDP. With nearly 70% of netizens aged 60 and above using online shopping, elderly consumers are boosting e-commerce and digital services. By 2035, the silver economy is expected to reach 30 trillion yuan, as the country adapts to the needs of its growing elderly population.

November 13, 2024
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