Structural shift in consumption: The rise of the silver economy in China
Driven by one of the fastest-aging populations globally, China is entering a demographic turning point that will redefine how businesses, governments, and families think about aging, longevity, and value creation. The silver economy in China has become one of the most structurally important forces reshaping consumption, public policy, and service innovation. Understanding China’s seniors is […]
It is Urgent to Develop the Nursing Home Industry in China
Demand Exceeds Supply According to the research done by China National Committee on Aging, the amount of aging people is estimated to skyrocket to 487 million, which is about 35 percent of the population in 2053. In 2013, Shanghai, as the first city in China to transformed into aging society, has a population of […]