China’s silver economy could be worth as much as 30 trillion yuan ($4.1 trillion) and account for 10% of GDP by 2035, according to experts.
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CISSY ZHOU, Nikkei staff writer |
HONG KONG — China’s government and private companies are tapping an unlikely resource in their attempts to kick-start a sluggish economy: senior citizens.
China has one of the world’s most rapidly aging societies, with the over-60 age group poised to account for around 30% of the total population by 2035. Getting this cohort to open their wallets could help bolster soft consumption.
