Financial Breakfast 财经早餐会 | The Relation between Aging Industry and Silver Economy 老龄产业与银发经济的关系 [Chinese Language]
The Central Economic Working Conference held at the end of 2022 identified "focusing on expanding domestic demand" as a key task for 2023, and proposed to prioritize the restoration and expansion of consumption. Within the context, "consumption of elderly care service" had been specifically mentioned as a "potentiality" for expanding domestic demand and promoting consumption.
The consumption of elderly care services is placed in an important position, which is closely related to the accelerating aging process in China. According to statistics, as of the end of 2021, 14.2% of the elderly aged 65 and above in China have exceeded the 14% deep aging line, and China has officially entered a deep aging society.