What you need to know

The number of older people in China is increasing rapidly, exacerbating population ageing in the country. According to China’s National Bureau of Statistics (NBS), there were 249.5 million people aged 60 and over in China as of the end of 2018, accounting for 17.9% of the population. It is predicted that number will reach 487 million or 34.9% of the country’s population by 2050. As life expectancy increases, how people spend their twilight years may gradually change and seniors will demand more quality time, products and activities. This is a huge under-developed market for businesses to dig into and holds great consumption potential.

Covered in this Report

Seniors aged 55-74 (born between 1944 and 1963) were interviewed for this Report, while those aged 75 years old or above were not surveyed due to the accuracy of respondents’ answers.

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