China's "silver economy" for older adults is booming, projected to grow to $4.2 trillion by 2035.

China's aging population is fueling a boom in the "silver economy," which includes services and products for older adults. This market is projected to grow from about $982 billion to $4.2 trillion by 2035. The expansion is driven by government efforts to provide care services for all seniors and by the demand for diverse leisure activities. Despite challenges in profitability, businesses are optimistic about long-term growth, with the sector expected to represent 10% of China's economy by 2035.

November 29, 2024
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