China’s aging population fuels ‘silver economy’ boom, but profits can prove elusive ...Middle East

Associated Press HONG KONG (AP) — Many older Chinese are looking beyond traditional care homes, worried about abandonment and quality issues. Their strong preference to age at home is driving a boom in universities, home care services and communities catering to older adults. Some providers struggle for profits, but they persist because they see promise in the growing market that Beijing calls a silver economy. Last year, about 297 million people aged 60 or above accounted for over one-fifth of China’s population. By 2035, that number is forecast to exceed 400 million, or over one-third of all Chinese. But the silver economy is still in its infancy and may take years to mature, and China

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