China’s population is aging on a massive scale. Within 30 years, experts estimate that the country will be home to more than 500 million citizens over 60. As a result, China’s economy and society could face majors changes as it strives to meet the needs of seniors. This video takes a look at the massive purchasing power that the nation’s seniors will soon wield and how businesses are responding to shifting demographics.
- How does Granny Sunshine’s success in fashion serve as an example of the big changes that China will soon face?
- Do you think the Chinese government should reconsider its laws on mandatory retirement ages?