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October 17, 2024
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How China’s elderly are supposed to save the economy • Table.Briefings


Letzte Aktualisierung: May 8, 2024

Pensioners in Beihai Park in Beijing. (IMAGO / Newscom World)

Beijing wants to turn the problem of aging into a virtue and create prosperity and innovation with the so-called silver economy. Foreign companies are also welcome in this growth market.

China’s population is getting older and older. This presents a challenge for economic growth and social systems. The state now wants to make a virtue out of necessity and is increasingly focusing on the so-called silver economy (银色经济). It offers goods and services specifically for older people and, ideally, involves the best agers as stakeholders – under the motto: older people understand the needs of other older people best.

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