🌍 As the world embraces an aging population, China's silver economy is stepping into the spotlight! 📈 With the global percentage of people aged 65+ climbing from 5.5% in 1974 to 10.3% in 2024, and expected to hit 20.7% by 2074, the demand for products and services catering to older adults is booming.
In China, the silver economy is on a fast track to reach a staggering 30 trillion yuan by 2035, making up 10% of the nation's GDP. This is a significant leap from 7 trillion yuan ($974 billion) in 2024. 🏦
This growth not only reflects the changing demographics but also presents vast opportunities for businesses and entrepreneurs looking to tap into this expanding market. From healthcare and retirement services to entertainment and travel tailored for seniors, the possibilities are endless!
Stay tuned as China's silver economy continues to thrive, driving innovation and shaping the future of global markets. ✨
Reference(s):
Graphics: China's silver economy grows amid global aging trend
cgtn.com