Chinese Elderly Consumers to Contribute 10 Percent of GDP by 2030: Report
- Home
- News
- People
- In-depth
- ACWF
Chinese Elderly Consumers to Contribute 10 Percent of GDP by 2030: Report
March 2, 2022BEIJING, March 1 (Xinhua) — With a burgeoning "silver economy" boosted by a growing number of Chinese seniors, consumption by the age group could contribute about 10 percent of China's gross domestic product (GDP) in 2030, according to a report released on Tuesday.
Calculated at 2010 prices, the total consumption of the elderly population is expected to reach 12-15.5 trillion yuan (about 1.9-2.46 trillion U.S. dollars) in 2030, accounting for 8.3-10.8 percent of the country's GDP, said the report issued by the China Research Center on Aging.
In 2050, the group's total consumption is estimated to soar to 40-69 trillion yuan, making up 12.2-20.7 percent of the country's GDP, it said.
China has 264 million people aged 60 years and above, accounting for 18.7 percent of its 1.4 billion population, according to the seventh population census conducted in 2020.
(Source: Xinhua)
32.3KPlease understand that womenofchina.cn,a non-profit, information-communication website, cannot reach every writer before using articles and images. For copyright issues, please contact us by emailing: [email protected]. The articles published and opinions expressed on this website represent the opinions of writers and are not necessarily shared by womenofchina.cn.
Comments
Magazines
Projects
- 2023 Women Science and Technology Innovation Pioneer...
Photos
- People Enjoy Blooming Tulips in Jinan, East...
- Flowers Bloom Across China in Spring
Special Coverage
Related articles
- ST. PETERSBURG, Fla. (AP) — The Tampa Bay Rays placed opening-day starter Zach Eflin on the 15-day i2024-05-21
High heat harms cocoa production in Cote d'Ivoire
ABIDJAN, April 13 (Xinhua) -- The heatwave in Cote d'Ivoire is harming the cocoa sector, causing a p2024-05-21World Robot Conference 2022 held in Beijing
Photo taken on Aug. 18, 2022 shows a surgery robot during an expo of the World Robot Conference 20222024-05-21- BRAZZAVILLE, Aug. 21 (Xinhua) -- For Basile Ikouebe, former foreign minister of the Republic of the2024-05-21
Kevin Pillar gets 1,000th career hit in Angels' win at Texas
ARLINGTON, Texas (AP) — Kevin Pillar tucked a keepsake ball into his bag from his 1,000th career hit2024-05-21Market for African Performing Arts of Abidjan held in Cote d'Ivoire
Dancers perform at the opening of the Market for African Performing Arts of Abidjan, a cultural even2024-05-21
atest comment