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Silver economy: How China’s elderly are supposed to save the economy

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Published: May 8th, 2024,
Last updated: May 28th, 2025

Pensioners in Beihai Park in Beijing.
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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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Xinhua Society Demographics Wirtschaftspolitik Economic policy