China’s is rapidly getting grayer, and amid unsuccessful attempts to boost languishing birth rates, the country has now unveiled plans to reorient a significant part of its massive economy around its aging population. China’s State Council on Monday unveiled a series of measures to promote the “silver economy,” calling on both state-owned and private enterprises to better cater to the elderly and announcing plans to develop 10 industrial parks and increase public and private investments and innovation in elderly products and services. [time-brightcove not-tgx=”true”] The current silver economy stands at around 7 trillion yuan (US$982 billion), about 6% of China’s total GDP, b
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