China's aging population fuels 'silver economy' boom, but profits can prove elusive
- Posted on November 29, 2024
- By Business News Today
- 2 Views
China's aging population fuels 'silver economy' boom, but profits can prove elusive
Driven by a rapidly aging population, China is expanding services and products for older adults. Universities and community care facilities are growing to meet the needs, focusing on home-based services, cultural enrichment, and healthcare. Despite financial challenges, the silver economy shows promise, backed by government support and rising demand for quality of life improvements.