By 2045, there will be nearly 350 million people in China aged over 65. The rapidly aging society is the legacy of a huge baby boom that was abruptly halted by the introduction of the one-child policy in 1979. Over the long term, this trend threatens to drag on economic growth. There were five Chinese taxpayers for every senior citizen in 2010; by 2030, there will be just two. But for businesses that stay ahead of the demographic curve, there will be big opportunities—another 200 million new customers. Slowly but surely, digitally-savvy seniors are changing the game for brands in China.
Thanks to the changing population demographics in China, the aging market has become a huge business opportunity. But tapping it is far from easy Liu Wen, a grey-haired 82-year-old, draws himself up from a deep Chinese-style sofa and shuffles to the door to answer the doorbell. It’s lunchtime at the Yanda International Health City, and Liu […]