China unveils plan for massive ‘silver economy’ to serve elderly
11 months, 3 weeks ago

China unveils plan for massive ‘silver economy’ to serve elderly

Firstpost  

China has introduced a strategy for what is referred to as the “silver economy,” estimated to be worth trillions of dollars, catering to needs of a swiftly aging population, encompassing services such as meal delivery, nursing homes, and various entertainment options. According to Beijing News, citing figures from a government think tank, the silver economy will be worth an estimated 30 trillion yuan in the next decade — accounting for 10 per cent of China’s overall total by 2035. China, shaped by a 1960s baby boom and a prolonged single-child policy aimed at curbing population growth, has rapidly become one of the world’s most rapidly aging populations. Premier Li Qiang, expressing a commitment to foster the country’s silver economy, recently affirmed that while the government will ensure basic services, it will also call upon companies and other organisations to address the diverse needs of the elderly population.

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History of this topic

China’s aging population fuels ‘silver economy’ boom, but profits can prove elusive
1 month, 1 week ago

China’s aging population fuels ‘silver economy’ boom, but profits can prove elusive

Associated Press  

HONG KONG — Every Wednesday, retiree Zhang Zhili travels an hour by bus to an education center, drawn by the pulsing rhythms of the African drum she plays there in a classroom filled with fellow retirees whose hands move in unison, every beat lifting her spirits. That’s fueling growth in services and products aimed at older adults in what Beijing …

China's aging population fuels 'silver economy' boom, but profits can prove elusive
1 month, 1 week ago

China's aging population fuels 'silver economy' boom, but profits can prove elusive

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. That's fueling growth in services and products aimed at …

China's economy adapts to serve older people
1 month, 4 weeks ago

China's economy adapts to serve older people

NPR  

China's economy adapts to serve older people Companies in China are fueling a "silver economy" by adapting to serve hundreds of millions of people over the age of 60. This is a total contrast to the China of 40 years ago, when a predominantly young population created a cheap and prolific labor force that powered the country's economic rise. And …

Zhejiang establishes first silver economy industrial park
3 months, 4 weeks ago

Zhejiang establishes first silver economy industrial park

China Daily  

ezhejiang.gov.cn| Updated :2024-09-11 The launch ceremony for the "Silver Economy Industrial Park" in Changshan county, Quzhou, Zhejiang province, was held on Aug 30, marking the establishment of the province's first industrial park focused on the silver economy. The construction of the Silver Economy Industrial Park is designed to coordinate the county's elderly care industry, enhance innovation-driven leadership, and utilize local …

China's gray economy unlocks potential amid more need for eldercare
4 months, 4 weeks ago

China's gray economy unlocks potential amid more need for eldercare

China Daily  

A woman plays the piano in a room of a senior-care apartment in Qujing, Yunnan province, in July. The Netherlands is exploring digital applications in the field of home care; Japan is vigorously promoting nursing robots and assistant digital technologies; and Britain is developing fundamental research and business model innovation in the gray economy, said Hu Zuquan, a researcher at …

Silver economy reshaping biz strategies
7 months, 2 weeks ago

Silver economy reshaping biz strategies

China Daily  

Tourists pose for photographs at a scenic spot in Wuyuan, Jiangxi province. During the past six months, nearly 10,000 seniors have participated in Hongsong's offline study tours, touring five European countries and 12 Chinese cities. "The elderly population is accelerating the development of the silver economy, whose scale has reached some 7 trillion yuan currently, accounting for about 6 percent …

Aging creates opportunities for the silver economy
8 months, 2 weeks ago

Aging creates opportunities for the silver economy

China Daily  

An elderly couple watch wedding dress photos shot by their nursing home in Changzhou, East China's Jiangsu province, Jan 9, 2024. Experts from academia and industry have stressed the need to significantly expand the silver economy to address the growing mismatch between new demands and supplies associated with an aging population in China. "Aging is not the problem, it's our …

Silver economy a silver lining for business
9 months, 3 weeks ago

Silver economy a silver lining for business

China Daily  

LI MIN/CHINA DAILY According to the United Nations' criterion, a country whose population aged 65 or above reaches 7 percent of the total is considered an aging society; when it touches 14 percent, it is considered a deep-aging society, and when it reaches 20 percent, it becomes a super-aged society. The "silver economy", part of the economy which primarily meets …

'Silver economy' can be a driver of China's growth
11 months, 1 week ago

'Silver economy' can be a driver of China's growth

China Daily  

Li Min/China Daily China's demographic landscape is undergoing a pivotal shift, thanks to the negative population growth and rapidly rising aging population. Hence, as the elderly population continues to increase, the "silver economy", due to its further development, will become an even more crucial component of the modern industrial system. Promoting the high-quality development of the "silver economy" requires not …

'Silver economy' can be a driver of China's growth
11 months, 1 week ago

'Silver economy' can be a driver of China's growth

China Daily  

Li Min/China Daily China's demographic landscape is undergoing a pivotal shift, thanks to the negative population growth and rapidly rising aging population. Hence, as the elderly population continues to increase, the "silver economy", due to its further development, will become an even more crucial component of the modern industrial system. Promoting the high-quality development of the "silver economy" requires not …

Aging a challenge but also an opportunity
11 months, 1 week ago

Aging a challenge but also an opportunity

China Daily  

Elderly women have Laba porridge at an eldercare center in Taizhou, Zhejiang province, on Jan 16, 2024. While the early stages of population aging can be conducive to economic growth, many economists argue that there can also be a "second demographic dividend": the creation of a market in which a large group of senior citizens with relatively high rates of …

Aging a challenge but also an opportunity
11 months, 1 week ago

Aging a challenge but also an opportunity

China Daily  

Elderly women have Laba porridge at an eldercare center in Taizhou, Zhejiang province, on Jan 16, 2024. While the early stages of population aging can be conducive to economic growth, many economists argue that there can also be a "second demographic dividend": the creation of a market in which a large group of senior citizens with relatively high rates of …

'Silver economy' offers great biz potential
11 months, 2 weeks ago

'Silver economy' offers great biz potential

China Daily  

Elderly women have Laba porridge at an eldercare center in Taizhou, Zhejiang province, on Jan 16, 2024. China has seen new growth opportunities arising from its aging populace, and its latest decision to promote the "silver economy" will significantly address the needs of the graying demographic and inject new impetus into the economy, officials said on Monday. Zhang said at …

Booming 'silver economy' to bring more benefits to elderly
11 months, 3 weeks ago

Booming 'silver economy' to bring more benefits to elderly

China Daily  

Elderly women have Laba porridge at an eldercare center in Taizhou, Zhejiang province, on Tuesday. The guideline said that the "silver economy" — economic activities offering products or services for the elderly — has great potential that is yet to be tapped fully because of the large size of the market and diversity of the industries involved. Yang Xiaoqi, a …

每日一词|银发经济 silver economy
1 year ago

每日一词|银发经济 silver economy

China Daily  

国务院总理李强1月5日主持召开国务院常务会议，研究发展银发经济的政策举措等。会议强调，发展银发经济是积极应对人口老龄化、推动高质量发展的重要举措，既利当前又惠长远。 China's State Council on Friday held an executive meeting to evaluate the development of the silver economy. The meeting, presided over by Premier Li Qiang, emphasized that expanding the silver economy is an important measure to actively respond to the aging population and promote high-quality development that will benefit both the present and future. 2023年12月26日，老人在湖南省长沙市天心区裕南街街道东瓜山社区“银发族”餐厅用餐。图片来源：新华社 【知识点】 银发经济又叫老年经济，主要是指与老年人群相关的经济活动，包括日常消费、家政服务、健康服务、旅游娱乐、教育服务等。 党和国家在“十四五”时期提出发展银发经济的任务，虽属首次但并不突然。在供给侧，政策一直鼓励和推动老龄领域市场和业态发展。国家发展改革委等部门报请国务院印发《关于加快发展养老服务业的若干意见》等政策文件，各部门、各省市均密集出台支持老龄产业发展的政策意见，国有、民间资本在老龄产业项目的投资热情持续升高。从需求侧，“十四五”时期，老年人口结构、经济社会条件都发生变化，老年人的需求结构正在从生存型向发展型转变，需求端的改变使银发经济的发展条件日益成熟。 1月5日召开的国务院常务会议明确，要切实履行政府保基本、兜底线职责，加强老年人基本民生保障，增加基本公共服务供给。要运用好市场机制，充分发挥各类经营主体和社会组织作用，更好满足老年人多层次多样化需求，共同促进银发经济发展壮大。要持续完善相关政策措施，重点解决好老年人居家养老、就医用药、康养照护等急难愁盼问题，让老年人安享幸福晚年。 …

Overcoming demographic challenges
2 years ago

Overcoming demographic challenges

China Daily  

MA XUEJING/CHINA DAILY Editor's note: The Chinese path to modernization is in line with its national conditions and is the modernization of a huge population. Harnessing both this skills revolution, as well as the entrepreneurial mindset of the younger generation, will be critical to China's efforts to develop its innovative industries. However, developing goods and services which are responsive to …

Plan for elderly care services unveiled
2 years, 10 months ago

Plan for elderly care services unveiled

China Daily  

The State Council has released a plan for the development of the country's elderly care services during the 14th Five-Year Plan period, in its latest step to implement a national strategy to address the aging population. The plan specifies major goals and tasks, including expanding the supply of elderly care services, improving health support for the elderly, and advancing the …

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