style

Chinese Elderly Consumers to Contribute 10 Percent of GDP by 2030: Report

Font size+Author:Global Glimpse news portalSource:sport2024-05-22 11:02:21I want to comment(0)

Contact Us HomeNewsHighlightACWF NewsSocietyWom

Contact Us News / Society

Chinese Elderly Consumers to Contribute 10 Percent of GDP by 2030: Report

 March 2, 2022

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)

32.3K

Please 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

  • Happy International Women
  • Celebrating 13th National Women

Related articles
  • New York's high court upholds requiring insurance to cover medically necessary abortions

    New York's high court upholds requiring insurance to cover medically necessary abortions

    2024-05-22 09:54

  • Feature: Chinese

    Feature: Chinese

    2024-05-22 09:03

  • Advisers to maintain focus on modernization, CPPCC says

    Advisers to maintain focus on modernization, CPPCC says

    2024-05-22 09:01

  • Feature: 1 year on, cross

    Feature: 1 year on, cross

    2024-05-22 08:18

Netizen comments