SHANGHAI — Companies in China are jostling for a slice of the country’s “silver economy,” riding on the government stimulus aimed at boosting consumption among the growing aging population.
China’s population age 65 and above is expected to increase from 220 million in 2025 to 400 million in 2050, according to Chen Wei, a professor at the Center for Population and Development Studies at Renmin University. This group will account for 30.7% of the total population, which is projected to fall by about 100 million to 1.31 billion.
