China News Service, Beijing, March 24 (Wei Wei) The 2025 Annual Meeting of the China Development High-Level Forum was held in Beijing from the 23rd to the 24th. Tang Chengpei, Vice Minister of the Ministry of Civil Affairs of China, said at the annual meeting that it is expected that by 2035, the proportion of silver economy in GDP will increase from 6% to 9%.
Tang Chengpei said that China's elderly population is large, especially the younger people. As of the end of last year, the elderly population aged 60 to 65 was about 90 million. They have relatively sufficient wealth reserves, good social security, and strong willingness to consume, covering multiple sub-sectors such as health care, nursing, tourism, and aging-friendly transformation. The elderly consumption market is huge and the silver economy has huge potential for development.
As for promoting the expansion and improvement of silver economy, Tang Chengpei said that he will continue to promote the transformation of home-friendly aging, do a good job in the transformation of consumer goods for old-for-new home-friendly aging, increase support for the purchase and rental of elderly meal aid services and rehabilitation aids, and expand universal elderly care services. Accelerate the development and application of elderly care technology and artificial intelligence, and promote intelligent home and smart health products.
Tang Chengpei also mentioned that efforts should be made to improve the consumption environment of silver hair. Promote the renewal of public spaces that are suitable for aging and guide the transformation of e-commerce platforms that are suitable for aging. Improve the product and service standard system in the field of aging and improve the standards and specifications for subdividing products and supplies for the elderly. Strengthen the supervision of elderly care services and quality supervision of elderly supplies, eliminate all kinds of safety hazards for elderly consumption such as false propaganda and misleading elderly consumers, and severely crack down on illegal and criminal acts that infringe on the legitimate rights and interests of the elderly, so that the elderly can consume with peace of mind. (End)
