BEIJING, 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.
Related articles:
Related suggestion:
Princess of Wales in hospital, King Charles to get prostate treatmentUS Supreme Court lets $2.46 billion Boy Scouts sex abuse settlement proceedPolitics updates: Kāinga Ora crackdown, changes to plugRuby Franke: Parenting advice YouTuber given maximum sentence for child abuseTwo charged with murder in shooting at Super Bowl rally in Kansas CityGovernment rejects Auckland Mayor Wayne Brown's demands over rates, GSTNew advisory groups for science and tertiary sectorsGroup calls on goverment to withdraw Accessibility for New Zealanders BillFirm's dirty laundry aired by the Employment Relations AuthorityEDITORIAL: Here we go again; another pledge by LDP to reform itself
2.7657s , 6589.3359375 kb
Copyright © 2024 Powered by Chinese Elderly Consumers to Contribute 10 Percent of GDP by 2030: Report ,World Wave news portal