Reported about 6 hours ago
China's rapidly aging population has led to a surge in the 'silver economy', focusing on services and products for older adults, projected to grow significantly by 2035. However, many businesses in this sector struggle to turn profits despite the expanding market, as older Chinese seek alternative care options beyond traditional nursing homes, prioritizing personal fulfillment and quality of life. While government initiatives are bolstering the industry, many older adults face challenges with their income, impacting their spending power and the overall health of the silver economy.
Source: YAHOO